Burberry

Britain’s Burberry bruised by slowdown in luxury spending

By Paul Sandle LONDON, Nov 16 (Reuters) - Burberry will struggle to meet its annual revenue forecast of low double-digit growth after it was hit by a global slowdown in…

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Burberry’s London stores lose out as tourists head to tax-free Paris, Milan

LONDON (Reuters) - London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax incentive, British luxury brand Burberry said,…

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Jun

Luxury brand Burberry’s CEO Marco Gobbetti to step down

June 28 (Reuters) - Burberry Chief Executive Marco Gobbetti will step down from the role to take up another opportunity that will let him be closer to his family in…

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China warns firms not to engage in politics over Xinjiang

Chinese officials on Monday said Sweden's H&M and other foreign companies should not make rash moves or step into politics after the companies raised concerns about forced labour in Xinjiang,…

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Britain’s Burberry recoups sales growth in October despite closed stores

Burberry's sales returned to growth in October, indicating the British luxury brand was recovering from the impact of the COVID-19 pandemic, with comparable store sales falling by less than expected…

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Burberry to cut 500 jobs as luxury demand faces slow recovery

Luxury brand Burberry announced 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. The company…

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Leading fashion companies to make G7 pledge to help environment

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week’s G7 summit in Biarritz, France, to help protect…

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