Burberry announces £100m share buyback after management reshuffle July 20, 2016 Burberry announced this morning that it is undertaking a £100m share buyback programme, which will be conducted by Morgan Stanley. The buyback will start today and end on 18 April 2017 at the latest, Burberry said. Burberry's share price edged up 0.31 per cent on the news. Read more: Burberry's share price jumps on first quarter [...]
Fashion technology startup Metail raises £10m from Hong Kong’s TAL to become “Google of size and shape” July 9, 2017 A tech startup which offers retailers technology that lets online shoppers try items on virtually, and wants to become the “Google of size and shape”, has bagged millions of pounds in fresh funding from investors. Metail has raised a £10m series B led by TAL, a Hong Kong-based apparel manufacturer, bringing total cash ploughed into [...]
UK fashion industry showcases its wares at London fashion week February 19, 2017 Designers, buyers and supermodels have descended on the capital for its 65th fashion week. The trade fare is hosting over 5,000 guests and will showcase collections from 120 designers including Burberry, Mulberry and Donatella Versace's Versus line. Designers will be trying to entice buyers and drum up business across more than 51 catwalk shows. And [...]
These are the world’s 50 most valuable brands of 2017 September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
Apple, Google and Microsoft top list of the 100 most valuable brands September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
Burberry puts more emphasis on the Chinese market as it buys up the remaining stake in its retail operation there August 1, 2016 Asia has proved a mixed bag for UK businesses in recent months, with some banks doing everything they can to manoeuvre out of the continent as volatility continued to rock markets. But now Burberry has taken the bold decision to move further into the Chinese market, buying the remaining 15 per cent stake in its Chinese [...]
UBS says Burberry could get a Brexit boost due to the fall in sterling July 6, 2016 Burberry may have been struggling with weak sales recently, but UBS reckons the luxury retailer could be set to benefit from the sharp fall in sterling following the Brexit vote. UBS upgraded Burberry's target price to 1,700p from a previous 1,550p and re-stated its "Buy" rating for the luxury brand, saying the "weak pound more than offsets [...]
Burberry’s share price drops as luxury brand warns on outlook April 14, 2016 Burberry's share price fell more than six per cent this morning after revealing sales had dipped in the second half, while warning about challenges coming in the full year ahead. The figures Total revenue at the luxury brand fell one per cent in the six months to 31 March, down to £1.4bn. Comparable sales dropped two per cent, [...]
Christopher Bailey named president of Burberry, while Marco Gobbetti appointed chief exec July 11, 2016 Fashion designer Christopher Bailey has figuratively lost his spot as boss of the trench coat today, after Burberry named him as president and appointed a new chief executive. Marco Gobbetti, a fashion industry veteran and current chairman and chief executive of French luxury brand Celine, is set to be Burberry's new chief executive. Both men will move into their roles at some [...]
Burberry needs some raw executive talent May 19, 2016 Burberry, the iconic luxury fashion brand, unveiled a three-year turnaround plan yesterday, promising “to drive revenue growth, improve productivity and deliver at least £100m of cost savings.” With the company’s value down by more than 20 per cent over the last couple of months, the stock should have been ripe for a bounce – but [...]