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Burberry Says Final Terms Inaugural Sustainability Bond
Burberry to cut 500 jobs, including 150 layoffs in UK
Burberry Says Over Last Six Weeks Comparable Retail Store Sales Were Down Between 40% And 50%
Burberry Group plc (Burberry) is a global luxury goods manufacturer, retailer and wholesaler. It also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts. The Company generated licensing revenues through the receipt of royalties from global licensees of beauty products, eyewear and from licenses relating to the use of non-Burberry trademarks. The Company's product divisions are Women, Men's and Children's apparel, Accessories, and Beauty (which includes fragrance and make-up). Its subsidiaries include Burberry Latin America Holdings, S.L, Burberry (Suisse) SA, Burberry (Taiwan) Co Ltd, Burberry (Thailand) Limited and Burberry FZ-LLC
Horseferry Road, Westminster
Gerry M. Murphy
Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer, Chief Operating Officer, Executive Director
President of Americas & Global Retail Excellence
President of Europe, Middle East, India & Africa
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Burberry said on Monday it would livestream its Spring/Summer 2021 fashion show this week in partnership with live video-streaming service Twitch, becoming the first luxury brand to do so.
Luxury brand Burberry said on Wednesday it would cut about 500 jobs globally, including 150 British-based office roles, as it forecast no quick recovery in demand, particularly from high-spending tourists.
British fashion brand Burberry said on Wednesday that demand was severely impacted by COVID-19 in the first quarter, with comparable sales falling 45%, although the decline eased to 20% in June driven by growth in mainland China and South Korea.
* SCOR STRENGTHENS ITS SUSTAINABLE ACTIONS TOWARDS A LOW-CARBON ECONOMY WITHIN ITS INVESTMENT PORTFOLIO AND JOINS THE UN-CONVENED NET-ZERO ASSET OWNER ALLIANCE
Britain's Burberry said the luxury fashion industry would take time to recover from the profound impact of the coronavirus outbreak that lowered its comparable sales by 27% in the final quarter and led it to scrap its final dividend.
Britain's 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, which ended with about 60% of its retail stores closed.
Luxury brand Burberry will pay all its staff globally even if they are unable to work due to coronavirus crisis store or site closures, adding on Friday it will not tap a government support scheme in Britain.
High-end British fashion brand Burberry <BRBY.L> has turned over its production to make protective gowns for healthcare workers tackling the coronavirus outbreak, health minister Matt Hancock said on Friday.
Britain's Burberry said sales in the final weeks of March would plunge by up to 80% as the impact of coronavirus already seen in China spread to Europe and the United States, causing stores to close and luxury shopping to dry up.
Luxury British brand Burberry said the drop-off in demand due to coronavirus had intensified, pushing comparable retail store sales between 40% and 50% lower over the last six weeks.
Riccardo Tisci drew inspiration from Burberry's design heritage by re-imagining the British label's trenchcoats and camel, black and red check at London Fashion Week on Monday.
Burberry said the outbreak of the coronavirus was hitting luxury demand in China and Hong Kong, both important markets for the British fashion brand, sending its shares lower for a second day in a row.
London's main index fell on Friday as dealers locked in profits after four straight sessions of gains amid lingering worries over the coronavirus, and as luxury brand Burberry skidded after blaming the outbreak for hurting demand.
Britain's Burberry said on Friday the outbreak of coronavirus in mainland China was hurting luxury demand in one of its most important markets.
Luxury fashion label Burberry upgraded its full-year sales forecast on Wednesday as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong.
British luxury label Burberry edged up its forecast for full-year sales on Wednesday after it saw strong demand for designer Riccardo Tisci's new collections in the 13 weeks to Dec. 28.
Burberry is turning a corner. Strong demand for designer Riccardo Tisci’s new collections has helped the UK fashion group, which is famed for its checked patterns, offset protest-related disruption at its Hong Kong hub. And Chief Executive Marco Gobbetti has a new plan to...
British luxury brand Burberry on Thursday said it has joined forces with China's Tencent for a new digital marketing and sales push to tap the nation's increasingly social media savvy shoppers in a critical luxury market.
* Now expects 2019-20 gross margin to be down 150 basis points
British luxury brand Burberry said the popularity of collections by designer Riccardo Tisci boosted sales in its second quarter, helping offset double-digit declines in Hong Kong where trading has been impacted by protests.
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