Burberry’s profits powered by soaring Americas sales November 11, 2021 British fashion house Burberry has been revived by rising revenues across the Americas, as full-price sales in the region nearly doubled in the first half of the year. Revenues in Europe remain 31 per cent down like-for-like on last years figures, while sales remain flat in Asia Pacific region. However, the firm is maintaining its [...]
FTSE 100 close: NatWest lifts after government stake sale as Burberry and JD Sports bump London index May 22, 2023 London’s FTSE 100 started what will be a quiet week in decent style today, driven higher by investors piling into Britain’s largest retailers. The capital’s premier index jumped 0.21 per cent to 7,773.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged lower to [...]
Burberry creative chief Tisci steps down as Brit Daniel Lee takes over September 28, 2022 The creative brain behind iconic British fashion brand Burberry is set to step down from his role at the end of this month after five years at the helm, the firm announced today.
FTSE 100 today: London markets set to extend positive streak; trends hinge on US inflation data May 15, 2024 Asian stocks mirrored Wall Street's rally. Sony surged on buyback news. Eyes on US CPI data and Burberry earnings.
Burberry posts revenue success but says future depends on Chinese Covid recovery May 18, 2022 Burberry reported a 23 per cent rise in revenue to £2.83bn, but said the ongoing outlook for the luxury brand depended on Chinese recovery. Despite group adjusted operating profit up to £523m, the comparable store sales in Asia Pacific were down seven per cent in the final quarter in the final quarter as lockdown batters [...]
Burberry feels the pinch of China’s lockdowns as market sales increase only one per cent July 15, 2022 Burberry has felt the pinch of China’s Covid lockdowns, as store sales in it biggest market increased only 1 per cent in the three months ended 2 July. Nevertheless, the fashion powerhouse reported a 16 per cent increase in overall sales – with the European, Middle Eastern and African (EMEIA) market performing particularly well. Store [...]
FTSE 100 close: Blue chip index ends higher as disappointing retail sales figures fail to dent JD Sports, Frasers and Burberry January 20, 2023 London’s FTSE 100 index closed the week marginally higher, clawing back some some of this year’s earlier gains following a poor performance yesterday. The capital’s premier index climbed 0.3 per cent to 7,770.59 points, while the domestically-focused mid-cap FTSE 250 index rose 0.7 per cent to close at 19,702.63. JD Sports, Frasers and Burberry were [...]
Burberry predicts 35 per cent profit surge this year January 19, 2022 British fashion house Burberry has reported flat sales growth in the latest quarter with store sales down three per cent.
Zara and Burberry shut shops in Russia while John Lewis looks to ‘mitigate exposure’ to country March 6, 2022 Fashion powerhouses have halted trading in Russia following its invasion of Ukraine, citing “operational challenges”. Luxury goods maker Burberry has temporarily shuttered its three stores in Russia, The Times reported. According to the newspaper, the designer brand’s spokesperson said Burberry would continue to monitor developments and declined to address the invasion directly. It comes after [...]
Burberry names Gianni Versace boss Jonathan Akeroyd as its new CEO October 20, 2021 Fashion group Burberry has named Gianni Versace boss Jonathan Akeroyd as its new chief executive. Akeroyd, 54, will take up the post on April 1 next year. The British national has headed up Milan-based fashion house Gianni Versace since 2016, before which he was chief executive of Alexander McQueen for 12 years. He replaces Marco [...]