Burberry shares plunge to a 14-year low, but what’s behind the collapse? Retail Once a beacon of British heritage and craftsmanship, Burberry’s recent decline has been striking. Shoppers and investors seem to have fallen out of love with the retailer. Sales have plunged, and Burberry shares have fallen 70 per cent over the past year. Earlier this week, the stock touched a 14-year low before rebounding. While the [...]
Burberry: Meet the new CEO charged with ‘rebalancing’ luxury brand as job cuts loom Retail Meet Burberry's new CEO, its fourth boss in a decade, charged with turning around beleaguered label as job cuts loom.
Burberry shares nosedive as sales collapse and firm cancels dividend retail Gerry Murphy, the chair of Burberry, described the results as “disappointing” and cited a “more challenging than expected” luxury market.