Burberry shares plunge to a 14-year low, but what’s behind the collapse? August 16, 2024 Once a beacon of British heritage and craftsmanship, Burberry’s recent decline has been striking. Shoppers and investors seem to have fallen out of love with the retailer. Sales have plunged, and Burberry shares have fallen 70 per cent over the past year. Earlier this week, the stock touched a 14-year low before rebounding. While the [...]
Mark Kleinman: Is troubled Burberry heading for a chequered flag? July 25, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Burberry’s threads wearing thin, Hammerson’s big Bicester sale and Love Island Is troubled Burberry heading for a chequered flag? Not only a chequered recent past, but on current evidence every [...]
Even as sales slump, Jonathan Akeroyd leaves Burberry a stronger brand July 18, 2024 As Akeroyd leaves the famous fashion brand, Steve Hatch unpacks the data asking: Is Burberry throwing the baby out with the bathwater?
Burberry: Meet the new CEO charged with ‘rebalancing’ luxury brand as job cuts loom July 15, 2024 Meet Burberry's new CEO, its fourth boss in a decade, charged with turning around beleaguered label as job cuts loom.
Burberry shares nosedive as sales collapse and firm cancels dividend July 15, 2024 Gerry Murphy, the chair of Burberry, described the results as “disappointing” and cited a “more challenging than expected” luxury market.
How did Burberry get stuck in the trenches? July 13, 2024 Burberry has struggled to compete with its luxuary peers over the past couple of years.
Burberry gears up to axe hundreds of jobs in cost-cutting drive July 7, 2024 Employees were notified of the restructuring in late June via a Zoom meeting, according to reports
Uncool Britannia: What is going wrong at Dr Martens, Burberry and Mulberry? May 30, 2024 Thursday proved to be another challenging day for British heritage brands, with Dr Martens revealing a plummet in annual profits largely due to dwindling demand from US shoppers.
Burberry boss misses out on bonus after ‘challenging’ year for luxury label May 30, 2024 The chief executive of luxury label Burberry will not receive a bonus for its latest financial year after its results underperformed during a "challenging" year.
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 [...]