Luxury Goods
Burberry to axe 1,700 roles amid full-year losses
Revenues also plummeted 17% to £2.46bn, down from £2.97bn in FY24, as the luxury brand dealt with a ‘difficult macroeconomic backdrop’
Burberry has warned it could cut up to 1,700 roles globally as part of a new cost-cutting drive, after the group fell to a £3m loss in its full-year results, down from a profit of £418m the prior year. In the year ended 29 March 2025, revenues plummeted 17% to £2.46bn, down from £2.97bn in FY24, as the luxury brand dealt with a “difficult macroeconomic backdrop” and a global slowdown in luxury goods purchasing.
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