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 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.

Burberry shares sink as CEO exits amid profit warning and dividend suspension

Shares in Burberry plunged in early European trade Monday after a "disappointing" first-quarter performance led it to replace its CEO and axe its dividend.

Burberry shares drop 10% after the luxury giant issues profit warning and replaces CEO

Burberry Group PLC (LSE:BRBY) has parted ways with its chief executive, Jonathan Akeroyd, with immediate effect.  The fashion house has appointed former Michael Kors and Jimmy Choo boss Joshua Schulman as his replacement, joining this week.

Burberry switches CEO after turnaround stalls

British luxury group Burberry named former Michael Kors boss Joshua Schulman as its new chief executive on Monday, axeing Jonathan Akeroyd after two years as it warned on profit and scrapped its dividend.

Burberry axes CEO and dividend, warns on profit

JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) has warned that the ‘re-acceleration' of the luxury sector could be slower than anticipated, leading to downside risk for luxury stocks including Burberry Group PLC (LSE:BRBY). The luxury sector has undergone a dramatic de-rating over the past year, due in no small part to a fall off in demand in the key China market.

Burberry at risk of sluggish luxury rebound

It never rains but it pours. Luxury British fashion brand Burberry – best known for its iconic trench coat – is reportedly preparing to shed hundreds of jobs under a cost-cutting program amid plunging profits.

Burberry Job Cuts After Profits Slump As Luxury Brand Seeks Identity

Deutsche Bank

Burberry is set for a revenue slump with its first quarter update next month says City analysts as new designs and less spending by its aspirational customer base take a toll. Deutsche Bank has just reduced its sales forecast to minus 17% (from minus 12%) on weaker data from China and the US.

Burberry tumbles as Deutsche Bank cuts sales numbers again

Burberry Group PLC (LSE:BRBY) chief executive Jonathan Akeroyd received zero annual bonuses last year due to a poor performance at the British luxury clothing brand. An annual remuneration report published late on Thursday stated: “The Committee judged that progress was made on refining our brand image, evolving our product and strengthening distribution, resulting in some of the strategic objectives being partially met.

No bonuses for Burberry boss as luxury demand falls off

Burberry Group PLC (LSE:BRBY) is set to see the weak trends seen at the end of its 2024 financial year continue into 2025, reckon Deutsche Bank analysts. “With limited evidence in the financials of any improvement in sales or gross margin, we have to turn to the operating cost management lever as the main highlight,” they stated.

Burberry to bluster in year ahead, cost cutting won't cut the mustard

Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.

Burberry's profits plunge as sales slump on slowing luxury demand

Burberry Group PLC (LSE:BRBY) reported profits down by more than a third as the UK fashion house says the "backdrop of slowing luxury demand has been challenging" and is expected to remain so in the coming months.  Revenues came to £2.97 billion for the year to 31 March, down 4% but flat if exchange rate effects are ignored and in line with analyst forecasts.

Burberry expects further challenges ahead as profits fall 34%

Burberry Group PLC (LSE:BRBY)'s preliminary results next week come as the high-end fashion brand faces a fork in the road. That's what UBS analysts recently implied, pointing out that a sizable chunk of Burberry's revenues are at stake if it wants to cut back on outlets as part of its brand elevation strategy.

Burberry set for uneasy prelims on 15 May

Kering SA

Something is happening in the luxury goods industry. In France, Hermes (RMS) stock price has surged to a record high while Kering (KER) has plunged to its lowest level since October 2017.

Here's why Hermes, Burberry, and Kering stocks have diverged

LVMH Moet Hennessy Louis Vuitton

Burberry's (LON: BRBY) share price is in a steep freefall as concerns about the luxury market continue. The stock crashed to a low of 1,135p on Tuesday, its lowest point since 2020.

Burberry share price outlook darkens after weak LVMH earnings

Hibbett Sports

Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of Hibbett (HIBB) and Burberry Group PLC (BURBY). But which of these two stocks is more attractive to value investors?

News for Burberry Group PLC Stock (BURBY)