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.

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Aviva, Burberry and British Land in spotlight on Wednesday

New Burberry Group PLC chief executive Jonathan Akeroyd will get his first opportunity to strut his stuff in the British fashion house's iconic tartan on Wednesday, having joined from Versace in March. After previous boss Marco Gobbetti announced his departure earlier this year to return to his native Italy and join footwear brand Salvatore Ferragamo, Akeroyd was hired with a £6mln 'golden hello' to cover the forgone bonuses from Versace, which he led for three years.

Burberry's new chief executive will look to cut a dash on Wednesday

Burberry's sales have basically recovered, with the potential for an increase once global tourism fully restarts. A focus on brand building should help profit margins down the line.

Burberry: Attractively Valued Fashion House

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These luxury apparel stocks have recovered from the pandemic doldrums and are expected to have further growth in the future. The post 7 Luxury Apparel Stocks That Will Strut Their Way Through 2022 appeared first on InvestorPlace.

7 Luxury Apparel Stocks That Will Strut Their Way Through 2022

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The market for luxury goods has been fueled by the mushrooming of high-priced fashion, leather goods and watches, just to name a few, that are sought out by the growing affluent in the U.S., Europe and China. And while luxury stocks, like many other pockets of the retail sector, have seen some challenges due to COVID-19 headwinds, they've also shown resilience.

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Burberry Group PLC (BURBY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Burberry Group PLC (BURBY) a New Buy Stock

Burberry shares rallied Wednesday, as the luxury-goods maker reported steady comparable-store sales in its fiscal second quarter.

London Markets: Burberry shares surge in London as inflation jumps to a 30-year high

U.K. luxury fashion house Burberry has recorded 22% sales growth in Asia over pre-pandemic levels and is forecasting a 35% rise in annual profits compared with last year, despite a 4% slide in Europe.

Asian Luxury Sales Soar As Burberry Predicts 35% Profits Rise

Burberry Group PLC (LSE:BRBY) said it expects current year profit to grow 35% despite the ongoing challenges faced by retailers. The luxury fashion clothing brand also cut its estimates for currency headwinds and maintained its medium-term guidance for high single-digit top line growth and “meaningful” margin accretion.

Burberry's operating profits jump 35% despite ‘ongoing challenges'

LONDON (Reuters) -Luxury brand Burberry said its profit would beat market expectations as its full-price sales accelerated in the third quarter, driven by a strong performance in outerwear and leather goods and a material improvement in Asia and Europe.

Burberry lifts profit guidance after full-price sales accelerate

Burberry saw its financial results bounce back in the first half of FY 2022. The company decided to pay an interim and to launch a 150M GBP share buyback program.

Burberry: 850M GBP In Net Cash And Improving Cash Flows

Burberry Group plc (BURBY) HI FY2022 Results - Earnings Call Transcript

Same-store sales rose 37% in the first half, and full-price sales both in stores and online are growing at double digits.

Burberry Blames Covid for Sales Drop and Touts Full- Price Strategy

Burberry Group PLC (LSE:BRBY) got a “somewhat harsh” reaction after its latest update, according to a City analyst. Shares in the luxury designer dropped as low as 9% earlier on Thursday, then it managed to pare some losses.

Reaction to Burberry update a bit harsh, says City analyst

Burberry Group PLC (LSE:BRBY) said interim revenues have recovered to pre-pandemic levels, with full-price sales driving margin and profits up. The luxury designer posted strong growth in the Americas, Mainland China and South Korea, while other regions suffered from lower tourist numbers.

Burberry sees revenues back to pre-pandemic levels as full-price sales drive profits up

British luxury brand Burberry said its revenue returned to pre-pandemic levels in the first half of its financial year, driven by strong growth in mainland China, South Korea and the United States.

Burberry's revenue rebounds from pandemic

Thursday will come with Burberry Group PLC (LSE:BRBY) (Burberry Group PLC (LSE:BRBY))'s interim results, the first update since the announcement that the Versace boss Jonathan Akeroyd will be stepping into Marco Gobbetti's shoes next year as chief executive. Analysts at UBS expect to see any comment on the rationale behind the decision in the results, alongside current trading updates as the FTSE 100 luxury designer is “at an important stage of its turnaround story”.

Burberry and WH Smith set for spotlight on Thursday

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Burberry has named Versace's CEO Jonathan Akeroyd, as its new CEO effective April 1, 2022.

Burberry Names New CEO – Versace Loses Leader

British fashion house Burberry named Jonathan Akeroyd as its new chief executive officer from next April, poaching the boss of Milan-based Gianni Versace and former Alexander McQueen head to succeed Marco Gobbetti.

Factbox-Burberry's new CEO Akeroyd returns to British roots

Burberry Group PLC has poached its new chief executive from Italian rival Versace, owned by luxury group Capri Holdings Limited. Jonathan Akeroyd has headed the Milan-based brand since 2016, which he joined after spending 12 years in the same role at Alexander McQueen.

Burberry poaches chief executive from Italian rival Versace

Burberry appoints Jonathan Akeroyd as CEO

LONDON (Reuters) -British fashion house Burberry named Jonathan Akeroyd as its new chief executive officer from next April, appointing the current boss of Milan-based Gianni Versace and former Alexander McQueen head to succeed Marco Gobbetti.

Burberry names Versace boss Akeroyd as new CEO

Burberry Group plc offers a more balanced risk/reward profile now that it's trading at a historical high relative discount to its peers, according to analysts at UBS. The luxury designer is also due to announce the appointment of a new chief executive after Marco Gobbetti said earlier this year he would step down around December.

News for Burberry Group PLC Stock (BURBY)