Burberry shares soar 20% as new CEO pledges focus on fashion brands’ heritage
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 stock pops after CEO says company will focus on basics
Burberry Group (BRBY.L) shares surge after the company said it would be focusing on its signature trench coats and scarves under the leadership of its new CEO, Joshua Schulman. Catalysts Hosts Seana Smith and Madison Mills outline what investors need to know about the turnaround.
Burberry Shares Soar 8% After Report Reveals Moncler Could Be Buying the British Brand
Mere months after the struggling London fashion house forecasted an operating loss in the first half of the next fiscal year.
Burberry shares soar as new CEO Josh Schulman admits ‘lack of focus on outerwear,’ vowing to turn losses around
Burberry also plans to slash costs by millions and has set a lofty new revenue target under CEO Josh Schulman.
Loss-making Burberry puts focus back on outerwear in turnaround plan
Burberry will put the focus back on its core trench coats and scarves, be less ambitious with prices for bags and shoes, and use its British heritage appeal to win back customers, the struggling luxury brand said on Thursday in a strategy update.
Burberry Revenue, Profits Plummet in First Half as New CEO Joshua Schulman Sets Out Fresh Strategy
Revenue was down 22 percent in the fiscal first half, and the company posted an operating loss of 53 million pounds amid myriad challenges for the brand.
Burberry turns to ‘spirit of Britain’ in revival push
Burberry’s new chief executive has vowed to focus the brand on the “spirit of Britain” as he seeks to revive the ailing ...
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Burberry's Strategy Under New CEO in Focus as Turnaround Continues -- Earnings Preview
WHAT TO WATCH --MANAGEMENT SHIFT AND STRATEGY: Burberry is in the midst of a turnaround plan with Daniel Lee as its creative director, who the group appointed in 2022. However, the brand hasn't ...
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Loss-making Burberry to focus back on outerwear in turnaround plan
Burberry will put the focus back on its core trench coats and scarves, be less ambitious with prices for bags and shoes, and ...
Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
Burberry is aiming to boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans ...
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Burberry launches strategic review, Spirax maintains full-year outlook
The FTSE 100 is expected to open two points lower on Thursday, having closed down 0.06% on Wednesday at 8,030.33. Luxury goods brand Burberry on Thursday suspended its dividend and launched a ...
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Stocks to watch next week: Burberry, SSE, Disney, Alibaba and AstraZeneca
In London, Burberry will let investors gauge on how the luxury market is performing, particularly as demand in China for exclusive items appears to be waning. From luxury to utilities, markets are ...
New Burberry CEO launches ‘urgent’ turnaround plan as it plunges into loss
Burberry's new CEO, Joshua Schulman, has outlined a strategic plan for the ailing luxury retailer, set to "reignite brand desire, improve our performance and drive long-term value creation".
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Burberry shares drop as Moncler denies takeover bid speculation
Burberry (LON: BRBY) shares fell on Tuesday, after Reuters reported that Italian luxury brand Moncler is not currently in ...
Burberry jumps after chief vows to ‘act with urgency’ following loss
Stock rises nearly 15% as luxury brand sets out plan to refocus on core products such as trench coats and scarves ...