GSK snatches Julie Brown from Burberry’s top management JULIE BROWN GSK has reportedly snatched Burberry’s chief operating and financial officer Julie Brown. Sources told Sky News the £53bn pharmaceutical titan could appoint Brown as its chief financial officer as soon as Monday. The businesswoman in fact announced on Friday she would step down next year after six years at Burberry. Working alongside chief executive Dame [...]
Burberry shares crater after luxury goods profit warning Burberry Burberry now expects adjusted operating profit for the financial year ended 30 March 2024 to be in the range of £410m to £460m.
Burberry shares plunge as it blames tourist tax for luxury slowdown Retail Burberry hit out at the government's decision to scrap the tourist tax and revealed a six per cent loss year-on-year in profit.
Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales March 20, 2024 A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.
Burberry’s chief operating and financial officer to quit after six years in the job September 23, 2022 A leading figure at luxury British fashion giant Burberry has announced she is stepping down next year. Julie Brown will quit the senior roles of chief operating and financial officer next year, as she heralded for overseeing the firm’s “transformation” and drive for sustainability. Brown’s last day will be on 1 April 2023 at the [...]
Burberry hopes to be back in fashion thanks to China reopening May 15, 2023 Luxury retailer Burberry could prove its buyers have been sheltered from cost-of-living pressures when it unveils its full-year financial results on Thursday. The historic British brand, which has benefitted from the reopening of the Chinese economy this year, is expected to show a jump in profits and sales for the year ending in March. The [...]
Transport for London renames Bond Street ‘Burberry Street’ – and the internet is not impressed September 15, 2023 Oh dear! A quirky move by TFL to rename Bond Street as Burberry Street in celebration of London Fashion Week, has not gone down well on the internet.. The West-End tube stop which is home to a number of high end stores will now be transformed into Burberry Street for one week while top models [...]
Burberry: Luxury British brand’s investors hopeful of China spending resurgence May 12, 2023 Luxury retailer Burberry could prove its buyers have been sheltered from cost-of-living pressures when it unveils its full-year financial results on Thursday. The historic British brand, which has benefitted from the reopening of the Chinese economy this year, is expected to show a jump in profits and sales for the year ending in March. The [...]
Week ahead: Vodafone, BT and Burberry earnings in focus as crucial US inflation reading looms May 12, 2024 Earnings from Vodafone, BT and Burberry take centre stage in the City's corporate diary this week, alongside a crucial inflation reading across the pond that could put the brakes on the FTSE 100’s record rally.
WH Smith finance chief set to retire as senior figure at Burberry picked as replacement for role March 15, 2024 WH Smith has announced that its chief financial officer, after more than two decades at the business, is set to leave the business, to be replaced by a senior member of high-fashion Burberry. Robert Moorhead, the current CFO and chief operating officer of WH Smith, will retire from the business. He joined the company in [...]