| ||16/07/2019 - 14:49|
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. read more
| ||02/11/2018 - 10:10|
Burberry has revealed plans to launch limited monthly product drops over Instagram as it ramps up its fashion releases. read more
| ||11/09/2018 - 16:16|
Burberry is to stop burning millions of dollars' worth of excess stock, it announced recently. read more
| ||07/08/2018 - 10:22|
Burberry has changed its logo for the first time in 20 years, revealing the new look via an Instagram post.
| ||24/07/2018 - 08:35|
Luxury British fashion house Burberry destroyed hundreds of millions of rands worth of its fashion and cosmetic products over the past year to protect its brand. read more
| ||17/05/2018 - 10:45|
Burberry chief executive officer Marco Gobbetti is seeking to enlist investor support for his turnaround plan with a £150m share buyback. read more
| ||16/04/2018 - 14:56|
More change at the top for Burberry as Gerry Murphy is appointed chairman designate.
| ||01/11/2017 - 15:36|
Christopher Bailey, the man behind the creative process that turned UK luxury fashion retailer Burberry into a household name worldwide, will step down from his roles as President and Chief Creative Officer of the company on March 31, 2018. read more
| ||18/05/2017 - 13:50|
Wavering wholesale demand in the US has hit Burberry’s margins as the retailer posts a five per cent dip in reported pre-tax profits to £394.8 million. read more
| ||02/05/2017 - 14:20|
Luxury fashion retailer Coach is reportedly set to make a £1 billion bid to acquire Jimmy Choo. read more
| ||10/11/2016 - 09:24|
London — British luxury brand Burberry is cutting 15%-20% of its product lines, aiming to focus on its newest ranges as it battles to attract shoppers in a volatile luxury goods market. read more
| ||28/10/2016 - 10:19|
Although neither retailer has commented on the speculation and a Reuters report asserted the brands were not in active merger talks, the rumored $20 million Coach-Burberry merger does cast a shadow over the direction of the luxury vertical as revenue continues to dwindle. The personal luxury goods market is set to grow at 0.1%, its lowest annual rate since 2009, forcing brands to seek new options to recapture that lost revenue, cut operating costs, or both. read more
| ||20/10/2016 - 10:56|
LONDON - Luxury fashion giant Burberry, famed for its designer handbags and trenchcoats, said Tuesday that British sales have soared since the Brexit vote as tourists took advantage of the plunging pound. read more
| ||09/09/2016 - 08:55|
Burberry has been named the industry leader in sustainability by the 2016 Dow Jones Sustainability Index (DJSI). read more
| ||01/09/2016 - 12:12|
A new report has rated Burberry as the top multi-channel retailer, due to the strength of its mobile commerce platform. read more
| ||02/08/2016 - 15:32|
Burberry, the retailer with more stores in China than any other luxury brand, said Monday it has acquired the remaining 15% economic interest in its Chinese retail business from Sparkle Roll Holdings Limited for £54 million, or about $73.1 billion U.S. read more
| ||15/07/2016 - 13:20|
- Fashion house Burberry Group PLC on Wednesday reported fiscal first-quarter same-store sales declines of 3% (beating expectations of a 5% decline, but a significant dropoff compared to 6% growth in the same period last year) against an overall revenue rise of 4%.
- Burberry posted underlying retail revenue of £423 million ($562.5 million), and cautioned that the outlook for wholesale revenue, particularly in the U.S., could fall 10% for the second half of the year.
- The Brexit vote, which will have the U.K. depart the European Union and is already pushing down the value of the pound, is expected to benefit Burberry by making its goods more attractive to luxury consumers with dollars to spend. Burberry itself said Wednesday that it expects those benefits to continue into next year, with an adjusted retail and wholesale profit injection of £90 million, higher than its May estimate.
| ||03/04/2013 - 08:36|
New York -- Cache announced that Daphne Pappas has joined the company as EVP, chief merchandise officer. For the past 10 years, she served as VP general merchandising manager for Burberry America’s where she led the company’s women’s business.
| ||12/10/2012 - 10:21|
Burberry Group Plc, (BRBY) the U.K.’s largest luxury-goods maker, rose the most in three years in London trading after reporting a partial recovery in retail sales growth since September’s profit warning.
| ||12/09/2012 - 09:07|
Johannesburg – Shares in luxury group Richemont [JSE:CFR] dropped nearly 5% in midmorning trade on the JSE on Tuesday in what traders attributed to profit-taking following the release of a profit warning by Burberry Group - another luxury group listed in London.