Burberry plans to cut almost one-fifth of its work force as its new chief executive officer Joshua Schulman tries to turn around the British trench-coat maker. The London-based company's push into hig
The British label said it is continuing with restructuring as part of a wider spending downturn that is plaguing the luxury sector.
Burberry Group PLC (LSE:BRBY) has reported final results showing evidence that its turnaround started to gain traction in the second half, though it swung to a loss and has seen recent trading hampe
Burberry on Wednesday announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house. The company said the measures could lead to a "reduction in people-re

Burberry full-year profit beats expectations

02:14am, Wednesday, 14'th May 2025
British luxury brand Burberry on Wednesday reported better-than-expected fourth-quarter sales and adjusted operating profit for its full year ending March 29 as it said brand sentiment was improving.
Burberry Group PLC (LSE:BRBY) shares fell 3.4% after Paris-listed rival Kering, owner of the Gucci label, reported a larger fall in first-quarter sales than analysts had forecast. Posting results o
Diageo PLC (LSE:DGE) and Burberry Group PLC (LSE:BRBY) face headwinds ahead, analysts said as they read across from a trading update from luxury giant Louis Vuitton Moet Hennessy (EPA:MC). As well a
A shocker of a first-quarter update from Louis Vuitton Moet Hennessy (EPA:MC) saw its shares tank and other luxury names dragged lower too.  The world'a largest luxury company, maker of Moët & Ch
Deutsche Bank has struck a cautious tone on the European luxury goods sector, warning that ongoing trade tensions and weakening demand in China could keep a lid on share price gains this year. The not
Burberry Group (BURBY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement amon
Burberry Group PLC (LSE:BRBY) has been rewarded for its better-than-expected third-quarter numbers with a string of estimate hikes from Canadian bank RBC. Sales acceleration was broad-based, RBC adde
With hindsight, Burberry Group PLC (LSE:BRBY) was the easiest trade of the week. Only last week, Cartier owner Richemont flagged luxury was turning up, especially in the US but such is the market's d
Burberry (BRBY) shares in London trading surged after the luxury group posted better-than-expected sales over the third quarter, raising investor hopes that the sector is on the path to recovery.
The economic slowdown in China has impacted high fashion companies, but recent positive trends in international demand are driving stock prices up. Richemont and Burberry's quarterly reports have spar

Burberry comp sales beat estimates

07:03am, Friday, 24'th Jan 2025
CNBC's Robert Frank reports on the latest news.
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