Burberry’s Reset Begins to Click Burberry, the renowned British luxury fashion house, has recently made headlines with its strategic reset under new management. Despite facing challenges such as a swing to a loss in full-year profit and a 6 percent decline in quarterly sales, the company’s shares have soared as investors show confidence in its […]
Burberry Full-Year Profit Swings to Loss but Beats Estimates
Burberry Full-Year Profit Swings to Loss but Beats Estimates Burberry, the iconic British luxury fashion house, recently reported a significant shift in its full-year profit trajectory. Despite facing challenges in the luxury goods market, Burberry managed to surpass expectations, showcasing resilience and adaptability in the face of adversity. The brand’s financial report revealed that sales […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
Burberry Gets a Buy Rating From Citi for First Time in 17 Years
Burberry Group Plc Receives Buy Rating From Citi for First Time in 17 Years Burberry Group Plc, the renowned luxury fashion house, has recently experienced a significant boost in its market performance. The company’s shares surged by as much as 4 percent following the announcement that Citi had upgraded its rating on Burberry from neutral […]
Victoria & Albert Museum to Rename Fashion Wing After Burberry Following Renovation
Victoria & Albert Museum to Rename Fashion Wing After Burberry Following Renovation The renowned Victoria & Albert Museum in South Kensington is gearing up for a monumental change that is bound to reshape the landscape of the fashion world. The museum’s celebrated fashion gallery, set to reopen its doors in 2027, is undergoing a significant […]
Luxury’s China Priorities in the Year of the Snake
Luxury Brands Facing Challenges in China Market in the Year of the Snake The allure of the Chinese market for luxury brands is undeniable. With its growing middle class and increasing disposable income, China has been a key focus for many luxury brands looking to expand their global reach. However, the Year of the Snake […]
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback
Burberry Soars After Demand Pickup Lifts Hope of Luxury Comeback Burberry, the iconic luxury brand, has recently experienced a surge in its performance, sparking hope for a revival in the luxury retail sector. Despite the challenges posed by the global pandemic, Burberry managed to weather the storm with resilience, reporting a smaller-than-expected quarterly sales drop […]
London Fashion Week to Ban Exotic Skins
As fashion continues to adapt to the changing cultural landscape, London Fashion Week (LFW) has taken a significant step by introducing a ban on the use of exotic animal skins on the runway. This decision extends the previous ban on fur, marking a shift toward more ethical practices in the fashion industry, as announced by […]
Moncler Not in Talks to Take Over Burberry, Sources Say
In recent days, the luxury fashion industry has been buzzing with speculation surrounding a possible takeover of Burberry by Italy’s Moncler. However, insiders have now clarified that Moncler is not in discussions to acquire the British luxury brand, as reported by multiple sources. This clarification comes after a dramatic roller-coaster for Burberry’s stock, which saw […]
This Week: Burberry Goes Back to Basics, Again
In an industry where innovation often overshadows tradition, Burberry stands out for its resolute return to its roots during challenging times. With the appointment of new CEO Josh Schulman, the British luxury brand is expected to announce a shift towards its core offerings—trench coats, check patterns, and other identity-defining elements. This strategic move is anticipated […]