Company
Burberry Group PLC
LON:BRBY
Burberry Group designs, sources, manufactures and distributes luxury mens, womens and childrenswear and non-apparel accessories globally through its own retail stores, concessions and wholesale customers. Burberry also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's non–apparel offerings include handbags, soft accessories, such as scarves, small leather goods, shoes, belts and jewellery.
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Burberry interims and strategy receive a lukewarm response from analysts
The Square Mile is taking a wait-and-see approach to the luxury clothing group
Burberry reports 5% revenue rise boosted by growth in tourism and pick up in Asia
The luxury retailer saw EMEA sales rise 34% as tourist numbers more than doubled, while Asian sales returned to growth in the second quarter compared to a decline in quarter one
Estee Lauder to acquire US fashion house Tom Ford for US$2.8bn
Tom Ford, founder and CEO of the brand, will continue to serve as the brand's creative visionary until the end of next year
Burberry given a boost ahead of its interims
Additionally, the group should receive a boost from easing lockdown measures in China
Archive
FTSE 100 closes lower as defensive stocks weigh but markets have strong week
Britain's blue-chip benchmark finished Friday around 57 points down, or 0.78%, at 7,318
Burberry appoints Daniel Lee as new chief creative officer to replace Riccardo Tisci
Lee had this role at Italy's Bottega Veneta from 2018 to 2021 and also worked at Balenciaga, Celine, Donna Karan and Maison Margiela
Crispin Odey predicts the pound will go lower as he wins big from his short position
While a weak pound is seen as a negative, there are some businesses and people that will view it as a positive
Burberry's operating and finance chief to leave next April
Brown joined Burberry six years ago and is leaving to take up an opportunity outside of the industry
China’s luxury goods glut to have knock-on effect in the UK
China’s Gen Zers continue to sell Rolexes and Hermès handbags, leading to a cheaper secondary market
Burberry share wobble is just a blip, says UBS
Currency arbitrage could drive share price appreciation at the retailer in the year ahead
Burberry says China lockdowns wipe 35% from regional sales
Growth was strongest outside China, which analysts estimate comprises about a third of the retailer’s global business
FTSE 100 closes ahead as traders 'buy the dip' again
Britain's premier share index finished on Friday up around 111 points, or 1.58%, to stand at 7,151
Burberry’s exposure to Chinese market drives down estimates
One third of fashion brand’s business exposed to Chinese retail trends
Burberry earnings depend heavily on China lockdowns, cost of living pressures
Analysts estimate that one-third of Burberry’s business is exposed to the Chinese market
**TEST, DON’T PUBLISH** Burberry ‘navigating uncertain waters well’ says Deutsche Bank
Hold is the broker's view but with a lower price target