Burberry to cut 500 jobs as demand faces slow recovery Luxury brand Burberry said today it would cut about 500 jobs globally, as it forecast no quick recovery in demand, particularly from high-spending tourists. Business • 15 Jul 20
Burberry to cut 500 jobs as demand faces slow recovery Luxury brand Burberry said today it would cut about 500 jobs globally, as it forecast no quick recovery in demand, particularly from high-spending tourists. Business • 15 Jul 20
Burberry's sales fall 27% in fourth quarter Burberry said the luxury industry could take some time to recover from the Covid-19 pandemic as it reported a 27% drop in comparable sales in the final quarter of its year. Business • 22 May 20
Burberry's sales fall 27% in fourth quarter Burberry said the luxury industry could take some time to recover from the Covid-19 pandemic as it reported a 27% drop in comparable sales in the final quarter of its year. Business • 22 May 20
Burberry to maintain employee pay through virus crisis British luxury brand Burberry will continue to pay its employees who are unable to fulfil their roles because of store or site closures during the coronavirus crisis and will not rely on UK government help, it said today. Business • 24 Apr 20
Burberry to maintain employee pay through virus crisis British luxury brand Burberry will continue to pay its employees who are unable to fulfil their roles because of store or site closures during the coronavirus crisis and will not rely on UK government help, it said today. Business • 24 Apr 20
Burberry says sales plunge as much as 50% on virus hit Luxury brand Burberry warned that sales in the final weeks of March would plunge by around 70% to 80% compared to last year, as coronavirus caused shops to shut and demand for luxury goods to dry up. Business • 19 Mar 20
Burberry says sales plunge as much as 50% on virus hit Luxury brand Burberry warned that sales in the final weeks of March would plunge by around 70% to 80% compared to last year, as coronavirus caused shops to shut and demand for luxury goods to dry up. Business • 19 Mar 20
Burberry warns over virus impact on Chinese demand British fashion house Burberry has warned of a "material" negative impact from the coronavirus on demand for luxury goods in key market China, but gave no financial details. Business • 07 Feb 20
Burberry warns over virus impact on Chinese demand British fashion house Burberry has warned of a "material" negative impact from the coronavirus on demand for luxury goods in key market China, but gave no financial details. Business • 07 Feb 20
Burberry weathers Hong Kong drop on China sales Luxury fashion label Burberry has today upgraded its full-year sales forecast as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong. Business • 22 Jan 20
Burberry weathers Hong Kong drop on China sales Luxury fashion label Burberry has today upgraded its full-year sales forecast as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong. Business • 22 Jan 20
Burberry posts Q2 sales growth despite Hong Kong woes British luxury brand Burberry said the popularity of collections by designer Riccardo Tisci boosted sales in its second quarter. Business • 14 Nov 19
Burberry posts Q2 sales growth despite Hong Kong woes British luxury brand Burberry said the popularity of collections by designer Riccardo Tisci boosted sales in its second quarter. Business • 14 Nov 19
New designer's ranges help lift sales at Burberry UK luxury brand Burberry has reported a pick-up in first quarter sales after it began shifting more new designs by creative chief Riccardo Tisci into its stores as part of a turnaround plan. Business • 16 Jul 19
New designer's ranges help lift sales at Burberry UK luxury brand Burberry has reported a pick-up in first quarter sales after it began shifting more new designs by creative chief Riccardo Tisci into its stores as part of a turnaround plan. Business • 16 Jul 19
Burberry profit steady as it waits for new ranges British luxury brand Burberry has reported broadly flat full-year revenue and profits and said it expected similar this year as it sets the foundations for growth with more products by its new designer Riccardo Tisci in stores. Business • 16 May 19
Burberry profit steady as it waits for new ranges British luxury brand Burberry has reported broadly flat full-year revenue and profits and said it expected similar this year as it sets the foundations for growth with more products by its new designer Riccardo Tisci in stores. Business • 16 May 19
Burberry says would pay a high price for no-deal Brexit Britain's premier luxury brand Burberry said today that a no-deal Brexit would cost it tens of millions of pounds in tariffs. Business • 23 Jan 19
Burberry says would pay a high price for no-deal Brexit Britain's premier luxury brand Burberry said today that a no-deal Brexit would cost it tens of millions of pounds in tariffs. Business • 23 Jan 19
Burberry to stop burning unsold goods British luxury brand Burberry said it would no longer burn millions of pounds worth of unsold goods or use real fur in its collections in a bid to improve its socially responsible credentials. Business • 06 Sep 18
Burberry to stop burning unsold goods British luxury brand Burberry said it would no longer burn millions of pounds worth of unsold goods or use real fur in its collections in a bid to improve its socially responsible credentials. Business • 06 Sep 18
Burberry burns unsold products to protect brand Luxury British fashion house Burberry destroyed tens of millions of dollars worth of its fashion and cosmetic products over the past year to protect its brand. Business • 20 Jul 18
Burberry burns unsold products to protect brand Luxury British fashion house Burberry destroyed tens of millions of dollars worth of its fashion and cosmetic products over the past year to protect its brand. Business • 20 Jul 18
Burberry beats forecasts as market awaits Tisci designs Burberry today beat profit forecasts as a strategy to re-energise its luxury brand showed early promise ahead of the arrival of its new designer Riccardo Tisci. Business • 16 May 18
Burberry beats forecasts as market awaits Tisci designs Burberry today beat profit forecasts as a strategy to re-energise its luxury brand showed early promise ahead of the arrival of its new designer Riccardo Tisci. Business • 16 May 18
Burberry Q3 sales slip 2% as it starts up-market move UK luxury brand Burberry today reported a 2% drop in retail revenue for the Christmas quarter after sales in Europe slipped against a year ago when a fall in the pound had helped its home market. Business • 17 Jan 18
Burberry Q3 sales slip 2% as it starts up-market move UK luxury brand Burberry today reported a 2% drop in retail revenue for the Christmas quarter after sales in Europe slipped against a year ago when a fall in the pound had helped its home market. Business • 17 Jan 18
Burberry CEO says to take label up-market UK luxury brand Burberry said today it will shift further up-market and more regularly update its fashion range. Business • 09 Nov 17
Burberry CEO says to take label up-market UK luxury brand Burberry said today it will shift further up-market and more regularly update its fashion range. Business • 09 Nov 17
Burberry reports better than-expected Q1 sales Luxury brand Burberry has today reported a better-than-expected increase in like-for-like sales in its first quarterly report under new CEO Marco Gobbetti. Business • 12 Jul 17
Burberry reports better than-expected Q1 sales Luxury brand Burberry has today reported a better-than-expected increase in like-for-like sales in its first quarterly report under new CEO Marco Gobbetti. Business • 12 Jul 17
Burberry profit falls 21% ahead of new CEO's arrival Burberry today reported a 21% underlying drop in full-year pretax profit due to weak demand in the US. Business • 18 May 17
Burberry profit falls 21% ahead of new CEO's arrival Burberry today reported a 21% underlying drop in full-year pretax profit due to weak demand in the US. Business • 18 May 17
Burberry sales growth slows as US weighs on group British luxury brand Burberry today reported a slight slowdown in its fourth-quarter comparable sales growth rate. Business • 19 Apr 17
Burberry sales growth slows as US weighs on group British luxury brand Burberry today reported a slight slowdown in its fourth-quarter comparable sales growth rate. Business • 19 Apr 17
Coty signs fragrance licensing deal with Burberry British luxury brand Burberry has said it will license its fragrances and cosmetics to Coty in a deal totalling $225m (€211m) that will help it develop new products and benefit from the US group's distribution. Business • 03 Apr 17
Coty signs fragrance licensing deal with Burberry British luxury brand Burberry has said it will license its fragrances and cosmetics to Coty in a deal totalling $225m (€211m) that will help it develop new products and benefit from the US group's distribution. Business • 03 Apr 17
Weak pound drives strong UK sales for Burberry British luxury fashion label Burberry reported a better than expected 2% rise in retail sales in its second quarter after tourists in London took advantage of the weaker pound to buy its luxury goods. Business • 18 Oct 16
Weak pound drives strong UK sales for Burberry British luxury fashion label Burberry reported a better than expected 2% rise in retail sales in its second quarter after tourists in London took advantage of the weaker pound to buy its luxury goods. Business • 18 Oct 16
Burberry's Q1 like-for-like sales fall by 3% Burberry has today reported a 3% drop in like-for-like sales in a "challenging" first quarter. Business • 13 Jul 16
Burberry's Q1 like-for-like sales fall by 3% Burberry has today reported a 3% drop in like-for-like sales in a "challenging" first quarter. Business • 13 Jul 16
Burberry to overhaul retail operations UK luxury fashion group Burberry said it would overhaul its retail operations and simplify its product range after its full-year profit fell by 10%. Business • 18 May 16
Burberry to overhaul retail operations UK luxury fashion group Burberry said it would overhaul its retail operations and simplify its product range after its full-year profit fell by 10%. Business • 18 May 16
Lower tourist spending hits Burberry sales growth Luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong. Business • 14 Apr 16
Lower tourist spending hits Burberry sales growth Luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong. Business • 14 Apr 16
Sharp China slowdown hits Burberry sales A sharp sales slowdown in China and Hong Kong led Burberry to miss forecasts for first-half sales growth and warn of an increasingly challenging environment for luxury sales. Business • 15 Oct 15
Sharp China slowdown hits Burberry sales A sharp sales slowdown in China and Hong Kong led Burberry to miss forecasts for first-half sales growth and warn of an increasingly challenging environment for luxury sales. Business • 15 Oct 15
Burberry sales growth down as Hong Kong slows Burberry today reported a slowdown in underlying first quarter retail revenue growth, held back by a further deterioration of the high margin Hong Kong market. Business • 15 Jul 15
Burberry sales growth down as Hong Kong slows Burberry today reported a slowdown in underlying first quarter retail revenue growth, held back by a further deterioration of the high margin Hong Kong market. Business • 15 Jul 15
