Burberry

Burberry’s cautious outlook disappoints after sales boost

Burberry warned that the economic environment “has become more uncertain in light of geopolitical developments.”

Burberry to cut 1,700 jobs in turnaround bid

Burberry reported a loss for the first half of its financial year and announced a £40 million (S$68.2 million) cost savings programme.

Loss-making Burberry puts focus back on outerwear in turnaround plan

Burberry has been in turnaround mode for sometime, and under a number of different bosses.

Burberry axes CEO and dividend, warns on profit

Burberry expects the first half of its current financial year to remain challenging, but will see the benefit of the actions it's taking from the second half.

Burberry's profit slumps 34% as luxury demand slows

A large majority of analysts tracked by Bloomberg still recommend buying LVMH and Richemont, while the rest are neutral.

Luxury’s rebound is proving elusive as China gloom adds to warnings

Burberry now expects full-year 2023/24 adjusted operating profit in a range between £410 million and £460 million.

Burberry warns on profit again as luxury demand ebbs

Burberry, known for its trench coats, on Thursday (Nov 16) reported a sharp slowdown in comparable store sales growth in the three months to end-September to 1 per cent, down from 18 per cent in the previous quarter.

Burberry hit by slowdown in luxury spending

A recovery in China with sales up 46 per cent compensated somewhat for weakness in the US market.

Burberry sales rise 18% as China rebounds for luxury brand

Tesco had announced in May that its chairman John Allan (above) would leave after media allegations over his conduct towards women.  He has said that he "vehemently" denies the claims

Troubled retailer Tesco picks Burberry boss as chair