Burberry
Burberry launches new strategic plan amid profit losses
The British luxury company announced first-half results for fiscal 2025. Declined revenue and profitability prompted a strategic reformulation to revitalise the brand and return to sustainable growth
Burberry struggles amid downgrade from FTSE 100
The UK-based luxury group lost its spot in the FTSE 100, leading to its lowest market value in 15 years. Analysts express concerns over the brand's status amid declining sales and leadership changes
New leadership appointments at Burberry
The UK-based luxury group has announced the appointment of Jonathan Kiman as Chief Marketing Officer and of Laura Dubin-Wander as President of the Americas region
Burberry announces new CEO and warns of loss as first quarter sales slump
The luxury company has warned of an operating loss in the 1H of the year if the slowdown in the luxury sector continues, after reporting a 21% year-on-year fall in sales in the 1Q and announcing the exit of CEO Jonathan Akeroyd
Hundreds of jobs to be axed at Burberry
The UK-based luxury label plans to cut hundreds of jobs as part of a radical cost-cutting programme intended to bolster falling profits, the Telegraph reports
Burberry full year results hit by slowing luxury demand
The luxury group has reported a decline in both sales and profits amid a slowdown in demand for luxury goods, which particularly affected its performance in mainland China and the US
Luxury hit the brakes in 2023
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
Burberry warns on profits as luxury demand slows
The British luxury group has once again cut its profit guidance for fiscal 2024, following a period of weak sales in December. It also warned of tough times ahead for the luxury sector as demand wanes
Slower demand for luxury impacts Burberry’s full year forecasts
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide
The Burberry Foundation announces programme to support young Ukrainians
The foundation set up by the Burberry Group is partnering with the organization Save the Children to launch the Life Chances programme, which aims to support young people affected by the war in Ukraine
Burberry's flagship store on New Bond Street has reopened
The iconic global flagship store, located at 21-23 New Bond Street in London, has reopened to the public to reinforce Burberry's positioning as the modern British luxury brand
Burberry delivers a strong first quarter
The luxury group posted an 18% growth in comparable store sales in the first quarter of fiscal 2024, as compared to the same period of last year, driven by the ongoing recovery in Mainland China
Burberry expands its global youth empowerment programme
The UK-based luxury group has announced the expansion of its Burberry Inspire youth community programme. The aim is now to support 500 000 young people worldwide in the next three years
Burberry reports full year revenue growth
The UK-based luxury group has posted a 10% rise in revenue during fiscal 2023 from the prior year, underlining a rebound in performance in the Mainland China in the fourth quarter-
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