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BURBERRY PROFITS
Luxury brand Burberry reports smaller-than-expected dip in first-quarter comparable salesBurberry experienced a smaller-than-expected 1% drop in comparable retail sales during the first quarter, signaling potential early recover...- London-listed Burberry shares rally 10% on plans to cut 20% global workforceBritish luxury brand Burberry plans to reduce its global workforce by roughly 20 per cent. This decision follows a turnaround strategy unde...
- European shares flat as gains from US-China truce pauseEuropean shares opened flat on Wednesday as investors took a breather after gains seen earlier this week following the U.S.-China trade tru...
- Burberry plans to cut up to 18% jobs from its workforce, full-year profit beats expectationsBurberry is set to cut 1,700 jobs globally as part of a cost-cutting and turnaround strategy led by CEO Joshua Schulman. Despite a challeng...
- European shares set for eighth weekly gain; Hermes jumps after strong earningsEuropean shares took a breather on Friday and were on track for their eighth straight week of gains, while luxury stocks jumped after robus...
- Burberry CEO vows revival following 20% drop in salesShares of Burberry rose as much as 15% in early trading in London, after Joshua Schulman said he would undo the missteps of previous manage...
- European luxury companies' $240 billion rout is just the beginningOnce seen as Europe's answer to the US "Magnificent Seven" tech megacaps, shares in companies producing high-end clothing, handbags and jew...
- Burberry axes CEO and dividend, warns on profitBurberry appointed Joshua Schulman, ex-Michael Kors CEO, and warned of profit shortfalls, canceling its dividend amid a 21% sales drop by J...
- Estee Lauder to cut jobs on skittish China demand; shares surge 19%A boom following the lifting of pandemic curbs in China never materialized and recent results have indicated mixed luxury demand. While com...
- Fashion resale site Vestiaire Collective launches crowdfunding, eyes IPO in 2025Vestiaire Collective, the second-hand fashion marketplace, has launched a crowdfunding campaign to raise at least one million euros ($1.09 ...
- Elevated yields keep European shares under pressure, luxury stocks shineThe pan-European STOXX 600 index skidded 0.1% by 0812 GMT after hitting a one-week low in the previous session.
- China erasing H&M from internet amid Xinjiang backlashState media accused H&M and other brands of improperly profiting from China while criticizing it. That prompted Chinese retailers and inter...
- Luxury brand Burberry to cut 500 jobs as luxury demand faces slow recoveryLuxury brand Burberry said on Wednesday it would cut about 500 jobs globally, including 150 British-based office roles, as it forecast no q...
- Nikhil mehra quits as CEO of Genesis ColorsEarlier last year, founder promoter Sanjay Kapoor, who is executive chairman of Genesis Group, had decided to list Genesis Colors and raise...
- Hugo Boss cuts outlook on poor sales in China, USAHugo Boss cut its 2015 sales and profit outlook on Thursday as a slowdown in China and more hesitant tourist shoppers in the United States ...
- Champagne corks popping again in luxury businessChampagne corks are popping again in the luxury business as "It" bags and expensive watches this year sell like hotcakes from Beijing to Ne...
- People are more digital here than in US: Burberry CEO Angela AhrendtsIt could not be more apt for a market like India, where red tape still binds many spheres but mobile phone connections have crossed 650 mil...
- Global brands widening product portfolio in kids segmentInternational brands such as Monnalisa, the Versace of kids, Chicoo, Benetton Kids, Zara and Hamleys are all busy expanding their presence.
- Britain's Iconic luxury brand Burberry to set up joint venture with Genesis ColorsBurberry, a 153-year-old British luxury brand, is setting up a joint venture with fashion retailer Genesis Colors for a renewed focus in th...
- When the devils pranced about in their Pradas & GuccisMNCs seen homogenising the ‘Cult of Luxury’ and downgrading quality in $157-B industry
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