Burberry shares sank on Monday after the U.K. luxury fashion group announced a profit warning and a dividend halt, and said its chief executive officer was being replaced.
Shares in Burberry plunged in early European trade Monday after a "disappointing" first-quarter performance led it to replace its CEO and axe its dividend.

Burberry switches CEO after turnaround stalls

02:55am, Monday, 15'th Jul 2024
Burberry Group PLC (LSE:BRBY) has parted ways with its chief executive, Jonathan Akeroyd, with immediate effect.  The fashion house has appointed former Michael Kors and Jimmy Choo boss Joshua Schu
British luxury group Burberry named former Michael Kors boss Joshua Schulman as its new chief executive on Monday, axeing Jonathan Akeroyd after two years as it warned on profit and scrapped its divid

Burberry at risk of sluggish luxury rebound

07:24am, Friday, 12'th Jul 2024
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) has warned that the ‘re-acceleration' of the luxury sector could be slower than anticipated, leading to downside risk for luxury stocks including Burberry Gro
Burberry is set for a revenue slump with its first quarter update next month says City analysts as new designs and less spending by its aspirational customer base take a toll. Deutsche Bank has just
Burberry Group PLC (LSE:BRBY) chief executive Jonathan Akeroyd received zero annual bonuses last year due to a poor performance at the British luxury clothing brand. An annual remuneration report publ
Burberry Group PLC (LSE:BRBY) is set to see the weak trends seen at the end of its 2024 financial year continue into 2025, reckon Deutsche Bank analysts. “With limited evidence in the financials of
Burberry Group warned of a challenging first half after the British luxury brand reported tumbling sales on weak demand in China and the US. Comparable store sales in the quarter ended in March fell 1
Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.
Burberry Group PLC (LSE:BRBY) reported profits down by more than a third as the UK fashion house says the "backdrop of slowing luxury demand has been challenging" and is expected to remain so in the c

Burberry set for uneasy prelims on 15 May

10:31am, Thursday, 09'th May 2024
Burberry Group PLC (LSE:BRBY)'s preliminary results next week come as the high-end fashion brand faces a fork in the road. That's what UBS analysts recently implied, pointing out that a sizable chunk
Burberry's (LON: BRBY) share price is in a steep freefall as concerns about the luxury market continue. The stock crashed to a low of 1,135p on Tuesday, its lowest point since 2020.
Levi Strauss LEVI, -1.14% on Thursday named Burberry executive Gianluca Flore chief commercial officer as the company looks to round out its reshuffled leadership team.
Claudia Panseri, UBS's chief investment officer for France, discusses the luxury sector following Kering's results.
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