Burberry may face an investor revolt over pay July 7, 2014 CHRISTOPHER Bailey, Burberry chief executive, and the iconic fashion company were yesterday bidding to stave off a shareholder revolt over a pay deal that includes a shares package worth in the region of £20m. The London-based global fashion chain, founded in 1856, will hold its annual general meeting this Friday and some institutional investors are [...]
Burberry’s new boss plans to unlock Japan May 21, 2014 BURBERRY’S new chief executive Christopher Bailey set out ambitious plans yesterday to grow its business in Japan as the luxury retailer reported an eight per cent jump in profits. Over the last five years, Burberry has been building its retail operations in Japan and buying stores as it prepares to take back control of third [...]
What does the Japanese luxury market hold for Burberry? May 21, 2014 Burberry has set its sights firmly on Japan, announcing plans this morning to quadruple sales in the world’s second biggest luxury market by 2017 as its licenses with local partners come to an end. With those ambitions in mind – and with continued concerns over emerging market growth – how has the Japanese luxury [...]
Burberry eyes Japan as EasyJet chief joins board May 21, 2014 Fashion house Burberry has reported record sales and profit for 2013/14. Reported pre-tax profit leapt 27 per cent to £444m, with revenue up 17 per cent to £2.3bn. Adjusted profit before tax rose eight per cent to £461m, ahead of estimates. Further investment in Japan, enhanced beauty infrastructure and a smooth management transition – with [...]
Angela Ahrendts says goodbye to Burberry May 1, 2014 ANGELA AHRENDTS finally made her exit from Burberry yesterday after eight years at the helm of the luxury fashion retailer. American-born Ahrendts is due to start at Apple this month, with chief creative officer Christopher Bailey taking her place. She is understood to be taking with her the £5m bonus due for the past financial [...]
Burberry defies fears over Asia with sales jump April 16, 2014 BURBERRY once again defied fears yesterday of a slowdown in demand for luxury goods in China after shoppers in the country helped drive a 19 per cent rise in group half-year sales. The handbag and trenchcoat-maker reported total revenues of £1.2bn and retail sales up 13 per cent to £928m, thanks to double-digit growth in [...]
Burberry revenue jumps as new flagship store opens in Shanghai April 16, 2014 Fashion heavyweight Burberry has reported a boost in revenue of 19 per cent to £1.3bn for the six months to 31 March. Retail revenue also rose by 13 per cent to £928m, with comparable sales growth in line with the company's expectations. Burberry saw digital outperform in all regions, while eleven stores were opened including [...]
Burberry shares lift the FTSE as luxury sales beat forecasts January 15, 2014 BURBERRY was the second highest riser on the FTSE yesterday after the luxury retailer revealed better-than-expected sales, driven by Asia Pacific and demand ahead of Chinese New Year. Shares closed 4.7 per cent higher as the 158 year-old firm posted a 14 per cent rise in sales to £528m and a 12 per cent increase [...]