Burberry Group PLC

Burberry Group Plc operates as a holding company, manufactures, designs and distributes apparels and accessories under the Burberry brand. It operates through the following segments: Retail and Wholesale, and Licensing. The Retail and Wholesale segment sells luxury goods through Burberry mainline stores, concessions, outlets, and digital commerce, as well as Burberry franchisees and department stores. The Licensing segment channel offers global licenses of fragrances, eyewear, timepieces and European children's wear. The company was founded by Thomas Burberry in 1856 and is headquartered in London, the United Kingdom.

Burberry's stock price spiked recently following its interim results, which is striking considering that neither the financials nor the outlook encourage confidence. It is however somewhat comforting that the company has a turnaround plan in place now, which could result in better days. At the same time, only limited improvements are to be expected in the short-term.

Burberry: Dismal Results But Wait For The Next Update

Burberry is hoping "scarf bars" in its stores, new ranges of puffer jackets, and a sharper focus on its classic products rather than new fashions will help to turn its brand around.

Burberry hopes 'scarf bars,' puffer jackets and classic styles can drive turnaround

Burberry is aiming to boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans announced Thursday. Shares jumped over 22% on the announcement, logging their biggest-ever intraday gain.

Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high

British luxury fashion giant Burberry has embarked on a £40 million cost-saving programme as part of a comprehensive turnaround strategy unveiled by its new chief executive, Joshua Schulman. Appointed in July following the departure of Jonathan Akeroyd, Schulman aims to stabilize the company after years of declining performance and brand missteps.

Burberry's turnaround plan: what to make of shares jumping 22% despite losses?

Burberry (BURBY) on Thursday outlined a new strategy that will focus on scarves and the outerwear such as trenchcoats it is known for as the British luxury group reels from a sharp quarterly loss.

Burberry Puts Trenchcoats and Scarves at Center of New Strategy

Burberry Group PLC (LSE:BRBY) faces a race to revive fortunes by turning back to its roots after the luxury firm's strategic update and results on Thursday offered initial relief. AJ Bell analyst Russ Mould noted the turnaround, which boss Joshua Schulman said would see focus return to its core traditional product range, was needed.

Burberry racing against clock in revival as figures offer brief relief - analysts

Shares in Burberry jumped by a fifth after the British fashion brand's new boss pledged to “act with urgency to course correct” the company after it swung to a first-half loss.

Burberry shares soar 20% as new CEO pledges focus on fashion brands' heritage

Burberry's CEO Joshua Schulman says the brand is undergoing an urgent "course correct." The strategy aim comes as the luxury brand reports revenue plummeted 22% in its interim results.

Burberry launches urgent turnaround plan to save the brand

Burberry Group PLC's (LSE:BRBY) shares surged 14% in early trading as investors responded positively to a turnaround strategy introduced by new CEO Joshua Schulman, which includes a higher-than-expected £40 million in cost-savings. The British luxury fashion brand announced its “Burberry Forward” plan following a challenging first half, marked by a 22% drop in sales to £1.09 billion and pre-tax losses of £80 million.

Burberry up 14% as City welcomes turnaround plan

The luxury group said it was taking steps to cut costs and change its pricing strategy, after it slid to a first-half loss on sharply lower sales.

Burberry Ramps Up Turnaround in Effort to Revive Brand

Burberry Group PLC (LSE:BRBY) has launched efforts to revive its loss-making operations by doubling down focus on heritage and core products. Chief executive Joshua Schulman unveiled the turnaround bid on Thursday, noting Burberry had “moved too far” from its core with “disappointing results”.

Burberry looks to heritage with turnaround plan as losses mount

Burberry's new CEO Joshua Schulman announced a turnaround strategy for the struggling British luxury brand on Thursday, as sales continued to slide in its second quarter.

Burberry announces turnaround plan as sales continue to slide

Aviva PLC

A packed Thursday will bring UK economic data and updates from the likes of Aviva, Burberry, B&M and WH Smith.

Aviva, Burberry and UK economic data in focus on packed Thursday

LVMH Moet Hennessy Louis Vuitton

Global consulting firm Bain & Company is projecting a 2% contraction in global luxury sales in 2024, representing the first annual decline since the global financial crisis in 2008, barring the Covid-19 period. This year's decrease, expected to bring the personal luxury goods market to €363 billion, highlights weaker demand in critical markets such as China and South Korea, even as sectors like beauty and eyewear show resilience.

Concerns mount for Burberry, LVMH as global luxury sector in worse state since financial crisis

Italy's Moncler MONC.MI is not in talks to take over Burberry , four sources close to the matter said on Monday in response to a report by Britain's Mail on Sunday that a bid by Moncler was imminent.

Moncler not in talks to take over Burberry, sources say

Ahead of results from Burberry Group PLC (LSE:BRBY) later this week, shares in the UK fashion house continued to be supported by takeover rumours and speculation. Last week, there was speculation that Moncler, the Italian skiwear giant, was eyeing a potential takeover of the UK fashion group.

Burberry boosted by more Moncler rumours ahead of results

Italy's Moncler on Monday reiterated it would not comment "on unsubstantiated rumors", when asked about a Daily Mail report about a possible takeover by the luxury outerwear maker for British luxury brand Burberry.

Moncler repeats it won't comment on 'unsubstantiated rumors' about Burberry

Burberry Group PLC (LSE:BRBY) will provide interim results on Thursday, November 14 after rumours emerged Moncler was eyeing up the luxury fashion firm as a potential takeover target. Reports earlier this month signalled Bernard Arnault, chief executive of LVMH which recently invested in Moncler, was keen to push such a deal to create an “outdoor specialist giant”.

Burberry turnaround in focus as takeover rumours swirl

Burberry Group PLC (LSE:BRBY)'s share have been in the doldrums for nigh on 19 months now, but the prospect of a takeover bid from Moncler has piqued the interest of analysts at RBC Capital Markets. Though only a rumour, there are clear synergies between the two business, RBC highlighted.

Bargain Burberry shares make for buy opportunity - analyst

Burberry's new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target.

Burberry's new CEO faces outlet store and pricing dilemmas

Shares in Burberry jumped on a report that Moncler could be considering a bid for the U.K. fashion group, which is currently pursuing a turnaround.

Burberry Lifted by Report of Potential Moncler Bid

Burberry Group PLC (LSE:BRBY) shares ticked higher on Monday following a report that it could be a takeover target of puffer jacket maker Moncler. According to industry blog Miss Tweed, Moncler could be considering launching a bid for Burberry in order to create an “outdoor specialist giant”.

Burberry gains as Moncler reportedly considers takeover bid

Burberry shares rose 7.5% on Monday after a media report said Italian luxury outerwear maker Moncler was considering a bid for the British luxury retailer.

Burberry shares jump on report that Moncler is considering a bid

Troubled British luxury label Burberry Group PLC (LSE:BRBY) stands at a "complex crossroads" as new chief executive Joshua Schulman takes command, said Stifel in a broker note. Schulman faces an uphill battle to turn the ship around as current market conditions, particularly plummeting Chinese luxury demand, have sent Burberry stock to 15-year lows.

Burberry at a ‘complex crossroads' as new chief takes reins

Luxury stocks, including Burberry Group PLC (LSE:BRBY), Watches of Switzerland Group PLC (LSE:WOSG) and Louis Vuitton Moet Hennessy (EPA:MC) sashayed higher on Thursday on investor excitement about China potentially unleashing further economic support meaures.  Kering, the owner of Gucci, Saint Laurent, Balenciaga and Alexander McQueen, saw its shares leap over 10% in afternoon trading, with LVMH, Hermes International and Eastee Lauder both jumping over 9% in Paris.

News for Burberry Group PLC Stock (BURBY)