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.

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?

HIBB or BURBY: Which Is the Better Value Stock Right Now?

Despite luxury peers' outperformance, Burberry has sustained its poor performance in share price. Burberry has lost its brand identity over the years after multiple changes in creative director. However, I believe Burberry's irreplicable British heritage provides a strong foundation for business turnaround and a competitive advantage against other luxury companies.

Burberry's Century-Long British Brand Heritage Presents A Deep Value Play

Burberry Group PLC (LSE:BRBY) is at a fork in the road, with the left path leading to luxury and the other leading to the lesser premium segment. But while Burberry's strategy is firmly fixed on brand elevation, taking the left path could come with a considerable sacrifice.

Burberry faces brand destruction if outlet strategy persists, says UBS

Urban Outfitters

Investors interested in stocks from the Retail - Apparel and Shoes sector have probably already heard of Urban Outfitters (URBN) and Burberry Group PLC (BURBY). But which of these two companies is the best option for those looking for undervalued stocks?

URBN vs. BURBY: Which Stock Is the Better Value Option?

Burberry stock has declined by nearly 50% since April 2023, making it an attractive entry point for investors. The company's recent growth slowdown, particularly in the Americas, has led to a reset of investor expectations. Burberry's low valuation, solid leadership, potential for share buybacks, positive industry dynamics, and technical support levels make it an appealing investment opportunity.

Burberry: An Opportunity To Get In Luxury, Cheap

Burberry (LON: BRBY) has another thing to worry about; short-sellers are circling. The stock has been in a freefall since April last year as it underperformed peer companies like LVMH, Hermes, and Kering.

Red alert for Burberry share price as short interest spikes

Shares in the couturier Burberry Group PLC (LSE:BRBY) seemed impervious to a couple of downgrades as the share price rose 2.7% in early afternoon trading. RBC Capital cut its price target by a £1 a share to £15, while Jefferies was more bearish as it set its valuation at £13 from £14.60, believing the shares are destined to 'tread water' in the near-term at least.

Burberry: Two downgrades, yet the shares are up 2.7%

Kraneshares Global Luxury Index ETF

Tema Luxury ETF

Roundhill S&P Global Luxury Etf

After experiencing a difficult 2023, ebbing demand and a slowdown in global economies are set to make 2024 more difficult for luxury brands. Look into luxury ETFs to safeguard your portfolio.

Ebbing Luxury Demand Puts These ETFs in Focus

There was a time last year when we heard luxury retailers say that the slowdown they were experiencing was a sign of “normalization,” but now they are warning that profits are continuing down.

Is the Luxury Slowdown Normalization or Inflation?

Burberry (LON: BRBY) share price sell-off intensified this week after the company warned about its growth. The stock has crashed in the past four straight weeks and is now hovering at its lowest level since November 2020.

Burberry share price: Red alert as a death cross pattern nears

British fashion house Burberry on Friday issued its second profit warning in three months, citing weaker-than-expected sales over the Christmas holidays, and sparking the biggest loss for shares in weeks.

Burberry shares drop as sluggish Christmas sales drive second profit warning in three months

Burberry Group PLC (LSE:BRBY) expects full-year results to be below expectations amid “challenging” trading conditions and a “backdrop of slowing luxury demand.” Chief Executive Officer Jonathan Akeroyd said: “We experienced a further deceleration in our key December trading period and we now expect our full year results to be below our previous guidance.

News for Burberry Group PLC Stock (BURBY)