Burberry chief executive Christopher Bailey’s pay sinks to £8m June 8, 2015 Burberry chief executive Christopher Bailey earned £7.9m last year, including a £1m salary, a £1.7m bonus and £424,000 in allowances and benefits, the company said today. The remuneration package of Bailey – who is notoriously shy of the financial media – was subject to a shareholder revolt at the company's annual general meeting last year, [...]
Burberry share price falls as the group lowers its outlook for 2016 May 20, 2015 Shares in Burberry fell more than 5.4 per cent this morning after the iconic British brand lowered its guidance for the full year, saying wholesale and retail profit for 2016 would come in around £40m below expectations. The figures Underlying revenues at luxury brand Burberry rose 11 per cent to £2.5bn in the full year to [...]
Burberry’s Christopher Bailey proves elusive again – Editor’s Letter May 19, 2015 When the fashion retailer Burberry unveils its full-year results today, it will be unsurprising if its chief executive and chief creative officer Chris Bailey keeps a low media profile, leaving the task of answering reporters’ questions to his finance director, Carol Fairweather. Bailey himself rarely makes an appearance in front of the media to [...]
Burberry boss Christopher Bailey hails new supermodel James Corden – in pictures April 21, 2015 James Corden graced the catwalk as part of fashion brand Burberry's London in Los Angeles event last week, prompting the retailer's somewhat reclusive boss Christopher Bailey to quip: “Fashion has a new icon and his name is Corden.” The British film and TV star was performing a sketch for his CBS “The Late Late Show [...]
Burberry’s poncho “innovation and investment” drives sales as design worn by Alexa Chung and Cara Delevingne woos customers April 15, 2015 The figures Revenue at Burberry for the second half was up nine per cent on the same period the previous year to £1.4bn. Retail sales were strong, up 13 per cent to £1bn on an underlying basis with America and Europe hitting double-digit growth compensating for a continued slowdown in Asia. Licensing revenue was up [...]
Former BBC and Yahoo exec Fabiola Arredondo is joining Burberry March 11, 2015 UK fashion house Burberry yesterday appointed former BBC and Yahoo executive Fabiola Arredondo to its board. It hopes the Spanish-American will bring her digital consumer savvy to the non-executive director role and the audit, remuneration and nomination committees. Once named the most influential woman in European business, Arredondo comes to Burberry after repeatedly smashing [...]
Bank reshuffle raises issues at Burberry – Editor’s Letter March 1, 2015 Sir John Peace is widely admired in the City and until recently held positions as chair of both the emerging markets bank Standard Chartered and the fashion group Burberry. Until last week, those who expected him to give up one of those posts so he could give more time to the one he kept, had [...]
London Fashion Week 2015: The best of the collections February 25, 2015 City A.M. Bespoke fashion director Ozzy Shah gives his take on this year’s London Fashion Week. OSMAN White is a big trend I loved this show. It was an absolutely brilliant collection, one of his best ever. It was very clean and minimal, quite refreshing compared to a lot of busy, complicated shows [...]
Burberry sales grow in third quarter but slip in Hong Kong January 14, 2015 British luxury brand Burberry had a good end to 2014, with retail sales rising 15 per cent to £604m in the third quarter. The success was driven largely by strong digital growth in the Americas, Europe and the Middle East, but this progress wasn’t replicated in Asia – sales fell in Hong Kong, and [...]
Stars flock to Burberry fashion show January 12, 2015 BURBERRY showcased its autumn-winter 2015 menswear collection at yesterday’s London Collections: Men, at Kensington Gardens. Among those watching from the front row were music artist Tinie Tempah, UK fashion model Jourdan Dunn and Vogue editor Anna Wintour.