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BURBERRY TURNAROUND PLAN
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...
- 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...
- Reliance Brands signs agreement to acquire majority ownership of Superdry for Indian territorySuperdry has entered into a joint venture agreement with Reliance Brands to sell its intellectual property assets in India, Sri Lanka, and ...
- Digital wears Prada: As tech meets luxury, IT majors find a new ray of hopeCirca 2023. A luxury retailer has invited you to an exclusive fashion show in-person just because you looked up their products online. If t...
- How Sanjay Behl is charting a roadmap for digital transformation of RaymondSanjay Behl, CEO of Raymond, who many credit as the turnaround agent at the textile and clothing major is putting together a game plan to i...
- Global fashion giants’ India plans stalledGlobal lifestyle brands see their India foray deferred as local partners are buying time for a turnaround in consumer sentiment.
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