Burberry
Burberry to cut 1,700 jobs in turnaround bid
The latest cuts come as Burberry reports that fourth-quarter sales fell less than expected
Loss-making Burberry puts focus back on outerwear in turnaround plan
BURBERRY will put the focus back on its core trench coats and scarves, be less ambitious with prices for bags and shoes, and use its British heritage appeal to win back customers, the struggling luxur...
Burberry axes CEO and dividend, warns on profit
BRITISH luxury group Burberry named former Michael Kors boss Joshua Schulman as its new chief executive on Monday (Jul 15), axeing Jonathan Akeroyd after two years as it warned on profit and scrapped ...
Burberry's profit slumps 34% as luxury demand slows
Its like-for-like sales fell 12% in the final quarter, wiping out gains made earlier in the year
Luxury’s rebound is proving elusive as China gloom adds to warnings
LUXURY stock investors are bracing for more bad news after the likes of Burberry Group and Hugo Boss fell short of already reined-in expectations and economic data from China dents the chances of a ne...
Burberry warns on profit again as luxury demand ebbs
BRITAIN’S Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it launches a strategy to move upmarket, in...
Burberry hit by slowdown in luxury spending
Britain’s Burberry said it was being hit by a global slowdown in luxury spending, and if it continues, it was unlikely to meet its revenue forecast of low double-digit growth for its current financial...
Burberry sales rise 18% as China rebounds for luxury brand
Burberry Group sales rose at the fastest rate in two years after the trench-coat maker benefited from a rebound in demand in China.
Troubled retailer Tesco picks Burberry boss as chair
BRITAIN’S biggest retailer Tesco on Monday (Jul 3) named Burberry boss Gerry Murphy as chairman, replacing John Allan, who stepped down after misconduct claims which he denies.
Luxury eyes focused on China after Richemont’s Q3 sales miss
CARTIER jewellery maker Richemont missed market forecasts during its latest quarter as the resurgence of Covid-19 in China hit sales there, highlighting the country’s importance for the luxury sector.
