Burberry

It’s a British luxury house founded in 1856 by Thomas Burberry, a draper’s apprentice that opened his own store in Basingstoke, England. In 1879, Burberry introduced in his brand the gabardine, a hardwearing, water-resistant yet breathable fabric that is the iconic piece of the brand. The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

The British company has wrapped up the period with sales totaling 1.032 billion pounds ($1.35 billion) and an adjusted operating profit of 19 million pounds ($24.9 million), marking a rebound after two years of decline.

Burberry Sees 6% Sales Dip in Q1, Gains Momentum in Americas

The British company earned 433 million pounds sterling ($580 million) in the period, while reducing the decline in comparable sales by consolidating the repositioning strategy led by Joshua Schulman.

Burberry sales fall 50% slump since January

40% of Burberry’s stores worldwide are currently closed. The company has announced additional closings in the upcoming days.

Burberry opens center for manufacturing excellence in the UK

The British luxury company is setting up training programs that seek to foster and protect artisanal skills for British fashion manufacturing.

Burberry moderates its growth and raises sales by only 1% in third quarter

The British luxury company has ended the third quarter of its fiscal year with a revenue of 719 million pounds (937 million dollars)

Burberry reinforces its Japanese market with new flagship in Ginza

The British luxury company has opened its new flagship store in the Japanese neighborhood. This is the first store of the company with its new store concept.

The British luxury company has achieved a revenue of 150.1 million pounds (192.7 million dollars) boosted by new accounting standard IFRS 16. Excluding the impact of the new measures, the group’s profit increased by 11%.

The British fashion company has signed a collaboration with the secondhand group to reward consigners and buyers with shopping opportunities.

The British luxury group has launched a new chat in its app. The service, available by invitation only, allows clients to purchase through an Apple Pay agreement.

Spanish executive Pablo Sande has joined the London-based company. Ralph Toledano was named CEO last week after Paolo Riva exited the company.

British luxury company has explained that is planning to transform its commercial network in order to convert their stores into luxurious destinations. The group has already closed some points of sale in Spain and Brazil.

British luxury group has ended 2018 exercise with a volume of business of 2,720 million pounds (3,503 million euros), 0.4% less than previous year.

The British company, about to present its annual accounts on Thursday, could reduce their operating profit by a 5%, to 442 million pounds (511,4 million euros), as a result of the trade war between China and the United States.

The British luxury company registered a revenue of 711 million pounds between September and December.

The British company of luxury has finished the first six months of the fiscal year (period ended on September 29th) with a volume of business of 1.22 billion pounds sterling (1.39 billion euros).

Under Ricardo Tiscci’s creative tenure, the British luxury company has already announced team-ups with Vivienne Westwood, besides a capsule that will be released shortly after the brand’s upcoming runway show in September.

The company’s revenues amounted to 2,7 billion pounds (3,1 billion euros) during last fiscal year, closed on March 31. The company is currently rebuilding its management team.

Ahrendts worked the miracle on the British brand, joined Apple and now enters Ralph Lauren’s board to give back the brand its old splendour after years of restructuring.

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