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.

UBS has lowered its price target for Burberry Group PLC (LSE:BRBY), cutting it to 410p from 477p, while maintaining a "sell" rating on the luxury brand's stock. The revision follows concerns over Burberry's ongoing strategy and a challenging outlook for the company's recovery.

Burberry price target downgraded, stock still a 'sell', says leading investment bank

Burberry Group (LON: BRBY) share price has been in a strong freefall this year as concerns about its growth prospects continue. It has dropped in the last 14 consecutive months, making it one of the worst-performing names in London.

Burberry is falling apart as shares fall for 14 straight months

British fashion icon Burberry Group PLC (LSE:BRBY) bids farewell to the FTSE 100 index today, with shares appropriately off more than 4.5% in early trades. Burberry first entered the blue-chip index in 2009 at a time when the stock was on the ascent and Emma Watson was the face of the company.

Burberry to exit FTSE 100 with a whimper

LONDON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Grounded in easy elegance. Creativity feels inherently British; expressive silhouettes are infused with familiarity.

The Burberry Summer 2025 Collection – Press Release

London fashion week's biggest name hints at change of direction after struggling to win over high-end shoppers

Burberry ditches avant garde for accessible fashion after investors check out

Burberry creative director Daniel Lee deconstructed the classic trenchcoat for the British brand's Spring/Summer 2025 collection, with models draped in baby blue capes with feather trim walking a lilac-carpeted catwalk at London's National Theatre on Monday.

Burberry presents spring styles in pastel hues against brutalist backdrop

Kering SA

Kering SA (EPA:KER) joined fellow luxury goods supplier Burberry in the doghouse as it got a downgrade from two City investment houses. Burberry hit a fifteen-year low on its downgrade from Barclays, but the bank also downgraded Gucci-owner Kering which hit a seven-year as it also got a downgrade from Canadian bank RBC.

Gucci-owner Kering joins Burberry at new lows as brokers fret over recovery

Burberry Group PLC (LSE:BRBY) shares continue their terminal decline with another 5% knocked off the British luxury label this morning. At 571p per share, it means Burberry's valuation has retraced to lows not seen since November 2009- nearly 15 years ago.

Burberry shares plumb new depths

British luxury fashion house Burberry Group dropped out of the U.K.'s FTSE 100 on Wednesday, as waning sales and management changes added to the pressures facing the 168-year-old retailer. The relegation marks a fresh blow for Burberry, whose share price is down more than 53% so far this year.

British luxury icon Burberry falls out of financial fashion with FTSE relegation

Dublin, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Burberry Group Plc 2024" company profile has been added to ResearchAndMarkets.com's offering. Burberry Group plc (Burberry) manufactures, retails, wholesales, and markets luxury goods. The company provides accessories, men's and women's apparels, children wear, beauty and other products. The company markets these products under Burberry brand. It distributes through a diversified network of retail, wholesale, and licensing channels worldwide and manages its business operations through Burberry mainline stores, outlets, concessions stores, and digital commerce platforms, franchisees, department stores, and multi-brand specialty account stores.

Burberry Group Digital Transformation Strategy 2024: Accelerators, Incubators and Innovation Programs

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Burberry's disappointing Q1 FY25 sales led to a 16% drop in stock price in a single day and it's now trading near its all-time lows. A weakening Chinese market, which has significantly contributed to the overall luxury market slowdown, hasn't spared Burberry either. Declining sales in other regions added to its woes. Burberry's suspended dividend payments and unconvincing market multiples indicate that it can continue to be weak. But it has fallen so much now, there's no point in selling it.

Burberry: Too Low To Justify Selling

Burberry (LON: BRBY) share price has imploded and the situation keeps getting worse by the day as concerns about its future remain. The stock has plummeted to 700p, its lowest level since 2010.

Burberry share price: down for 12 straight months, is it a bargain?

Burberry's new boss Joshua Schulman faces an immediate strategy dilemma.

New Burberry chief faces tough choices on high-end ambitions

Cie Financiere Richemont SA

A profit alert from Hugo Boss and weak China sales at Richemont added to evidence that Chinese appetite for luxury goods may have peaked, knocking share prices on Tuesday, while Porsche's exposure to the world's No. 2 economy also rattled investors.

China's reduced spending saps European luxury stocks

Deutsche Bank has downgraded its Burberry Group PLC (LSE:BRBY) share price target in another sign of heightened uncertainty in the global luxury sector. It follows a dramatic trading session on Monday that saw the British fashion institution's valuation plummet more than 16% after parting ways with chief executive Jonathan Akeroyd.

Burberry downgraded after parting ways with former boss Akeroyd

In just over a decade, the 170-year-old luxury fashion house Burberry has cycled through four different CEOs in a bid to keep up with the industry's ever-evolving demands. And as of this morning, a fifth contender is stepping up to the proverbial plate—effective immediately.

Burberry has another new CEO: Here's everything to know about Joshua Schulman

The downturn in the luxury sector shows few signs of letting up.

The Luxury Slump Continues as Burberry's Woes Persist

Burberry also warned on profit and scrapped its dividend, sending its shares to their lowest in more than a decade.

Burberry fires CEO, names ex-Coach boss as replacement during luxe sector slowdown

Burberry shares slumped 16% Monday after the British fashion house replaced industry veteran Jonathan Akeroyd as CEO following a 20% drop in sales in the first quarter, amid a broader slowdown in the luxury market.

Burberry Shares Slump After Disappointing Profits And New CEO

Burberry's stock price plummeted on Monday after the luxury giant issued a profit warning, replaced its CEO and cut its dividend.

Burberry Stock Sinks. Is the Problem Its CEO or the Luxury Consumer?

The near three-year tenure of Burberry CEO Johnathan Akeroyd came to an abrupt end this morning as he became the fall guy for plunging sales at British upscale fashion and accessories retailer Burberry amid a further warning on earnings.

Burberry Boss Pays Price For Poor Performance As New CEO Announced

Former Coach boss Joshua Schulman to take control as Jonathan Akeroyd departs with immediate effect

Burberry replaces chief executive as it issues fresh profit warning

Burberry shares sank on Monday after the U.K. luxury fashion group announced a profit warning and a dividend halt, and said its chief executive officer was being replaced.

News for Burberry Group PLC Stock (BURBY)