Burberry
This coverage examines Burberry’s strategy and performance within the UK retail and global luxury market, focusing on store operations, product launches, marketing campaigns, leadership changes, and sustainability initiatives. Reporting highlights how Burberry navigates brand heritage, innovation, and competitive dynamics — offering insight for executives, managers, and professionals in luxury, fashion, and brand management.
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Jan- 2021 -21 JanuaryClothing & Shoes
Burberry revenue drops 4% in Q3
Burberry has announced that retail revenue for 13 weeks ended 26 December dropped 4% to £688m from £719m for the same period last year, attributed to the continued impact of Covid-19. Covid-19 related store closures averaged 7% in Q3 impacting trading on a whole for the retail group. Comparable store…
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20 JanuaryClothing & Shoes
Burberry hails strategic progress despite sales decline
Burberry has welcomed a period of “strong” strategic progress in its third quarter, despite sales sliding by 9% in the 13 weeks ended 26 December. The fashion house said that lower sales were attributed to planned reductions in markdown and reduced tourist traffic in outlets. In addition, Covid-19 related store…
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Dec- 2020 -16 DecemberNews
Yoox Net-A-Porter appoints new global operations director
Yoox Net-A-Porter has announced the appointment of Mirko Nobili as its new global operations director. Nobili’s appointment into the senior role aims to further advance the global operations for the entirety of the group’s ecosystem of multi-brand and mono-brand stores. His key focus will reportedly be on maximising the company’s…
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Nov- 2020 -24 NovemberNews
Burberry appoints non-executive director
Burberry has announced that Antoine Bernard de Saint-Affrique has been appointed to the board as a non-executive director and member of its audit and nomination committees. His roles will come into effect from 1 January 2021. Bernard de Saint-Affrique is currently CEO of the Barry Callebaut Group, a manufacturer of…
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13 NovemberClothing & Shoes
Burberry H1 revenues fall 31%
Burberry has revealed sales have managed to return to growth in October, after the luxury retailer said revenue for the first half of the year decreased by 31% to £878m. In the same period, operating profit plummeted 75% to £51m amid the effects of the ongoing pandemic. The fashion house…
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Oct- 2020 -20 OctoberLuxury Goods
Watches of Switzerland appoints new chairman
Watches of Switzerland has appointed Ian Carter as non-executive chairman of its board, with effect from 1 November. Carter brings 30 years of international and retail experience to the group and, most recently, has been CEO of Hilton International since 2005. He has also served on a number of boards…
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Jul- 2020 -15 JulyCoronavirus
Burberry to slash 500 roles amid Q1 sales slump
Burberry is reportedly set to slash almost 500 roles worldwide to support a £55m cost-cutting effort, amid sliding retail sales. According to the Guardian, this includes 150 UK head office roles, as the group proposes to “further streamline” its office-based functions and “improve its retail efficiency” in certain geographies outside…
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May- 2020 -26 MayLuxury Goods
Burberry senior independent director departs due to ‘other executive commitments’
Burberry has announced that Jeremy Darroch, independent non-executive director and senior independent director, has informed the company that he will not stand for re-election at the company’s AGM on 15 July due to “other executive commitments”. Darroch joined the board in February 2014 becoming senior independent director on 1 July…
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22 MayClothing & Shoes
Burberry sales fall 27% amid Covid-19 pandemic
Luxury fashion retailer Burberry has reported a 27% decrease in like-for-like sales in its fourth quarter results, attributing the loss to the coronavirus pandemic. The fashion retailer also revealed a 57% drop in operating profit to £189m compared with £437m during the same period last year. Additionally, in its preliminary…
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Feb- 2020 -7 FebruaryLuxury Goods
Burberry warns on sales impact from coronavirus outbreak
Luxury fashion retailer Burberry has warned that its sales for the year ended March 2020 will be impacted by the recent coronavirus outbreak. Burberry said its recent guidance for the current financial year “predates the impact”, and currently 24 of its 64 stores in mainland China are closed with remaining…
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