Burberry cancels dividend after sales plunge 27%
Luxury brand axes payment to shareholders worth about £120m amid Covid-19 crisisCoronavirus – latest updatesSee all our coronavirus coverageBurberry has scrapped its full-year dividend payment to...
View ArticleBurberry to cut 500 jobs worldwide in £55m cost-saving drive
Plan, which includes 150 UK head office posts, comes as sales slump in Covid-19 crisisCoronavirus – latest updatesSee all our coronavirus coverageBurberry is to cut 500 jobs worldwide, including 150 in...
View ArticleBurberry launches £90 coronavirus face mask
Designer face covering is available in brand’s signature beige check as well as pale blue Coronavirus – latest updatesSee all our coronavirus coverageBurberry has launched a collection of face...
View ArticleBurberry attacks move to scrap tax-free shopping on eve of Brexit
Brand says move to install 20% VAT will encourage 1.2m visitors to shop in Europe insteadBurberry has warned that the government’s plan to scrap tax-free shopping will rob the British luxury brand of...
View ArticleBurberry's European sales slump but Marcus Rashford ads widen appeal
British luxury brand faces ‘uncertain trajectory’ because of Covid crisisCoronavirus – latest updatesSee all our coronavirus coverageBurberry has reported a near 40% drop in sales in European markets...
View ArticleBurberry upgrades forecast as sales in China and South Korea rebound
Burberry’s share price is up about 7% – its highest level since before pandemicCoronavirus – latest updatesSee all our coronavirus coverageBurberry has upgraded its full-year profit forecast after a...
View ArticleBurberry’s UK sales dented by Covid travel restrictions
Absence of wealthy tourists deals severe blow to luxury fashion retailerBurberry has predicted it will take several years for long-haul travel to recover from the coronavirus pandemic, with the absence...
View ArticleBurberry boss Marco Gobbetti to step down after five years at helm
Departure of Italian credited with turning round British luxury fashion brand prompts share price plungeNils Pratley: Gobbetti’s early exit leaves Burberry blindsidedEnd of partnership that kept...
View ArticleEnd of partnership that kept Burberry at the leading cultural edge
Analysis: Could Marco Gobbetti be followed out of British luxury brand by creative director Riccardo Tisci?Burberry boss Marco Gobbetti to step down after five yearsNils Pratley: Gobbetti’s early exit...
View ArticleMarco Gobbetti’s early exit leaves Burberry blindsided | Nils Pratley
The chief executive was hired to solve one boardroom crisis but his departure has caused anotherBurberry boss Marco Gobbetti to step down after five yearsPartnership ends that kept Burberry at leading...
View ArticleBurberry’s change of leader should not mean a whole new wardrobe
Marco Gobbetti turned the luxury brand around. Investors at this week’s AGM will want his successor to follow suitInvestors were shaken last month to learn that Burberry boss Marco Gobbetti was...
View ArticleBurberry sales return to pre-pandemic levels as younger shoppers splash out
Luxury fashion brand reports revenues of £479m in 13 weeks to 26 June, up 86% on 2020The luxury fashion retailer Burberry has reported a rebound in sales to pre-pandemic levels driven by a boom in...
View ArticleBurberry appoints Versace boss as CEO with £6m ‘golden hello’
Jonathan Akeroyd to replace Marco Gobbetti at British luxury brand on salary of £1.1m plus bonusesBurberry has appointed Jonathan Akeroyd as its next chief executive in a deal including a £6m “golden...
View ArticleBurberry reports slow sales growth as Covid impact persists
Luxury fashion retailer blames coronavirus restrictions in Asia-Pacific region for sales difficultiesCoronavirus – latest updatesSee all our coronavirus coverageBurberry has reported slowing sales...
View ArticleBurberry predicts 35% rise in annual profits backed by Asia sales
UK luxury brand records 22% sales growth in Asia over pre-pandemic levels but 4% fall in EuropeBurberry has forecast a surge in profits after attracting younger shoppers with puffer jackets and...
View ArticleBurberry joins exodus of luxury brands from Russia
Designer labels exempt from EU sanctions but face disruption to shipments and business transactionsRussia-Ukraine war: live updatesBurberry has become the latest luxury brand to temporarily shut its...
View ArticleWho pays the ‘real living wage’ in Britain – and who does not?
More than 10,000 companies pay £9.90 an hour in the UK and £11.05 in London – Burberry and Ikea among them• Executive pay system is broken, says Church of England’s pension boardThe “real living wage”...
View ArticleBurberry sales fall 35% in China on back of Covid lockdowns
Lola handbag range and signature trenchcoat give luxury fashion retailer boost elsewhereBurberry has reported sales growth of only 1% in its latest financial quarter because of the impact of Covid-19...
View ArticleBurberry designer Riccardo Tisci to step down ending five years of Italian...
Departure comes year after CEO Marco Gobbetti left, with Daniel Lee taking over creative head roleBurberry’s creative head, Riccardo Tisci, has left just a year after his fellow Italian Marco...
View ArticleBurberry shoppers snap up goods in Paris and Milan, not London
Brand says decision to stop tourists reclaiming VAT has hurt UK reputation as luxury shopping destinationTourists hoping to snap up Burberry products are heading to Paris and Milan rather than London,...
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