Loss-making Burberry puts focus back on trench coats in a turnaround plan
Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply.
Burberry shares jumped 15% or 107.9p to 839.3p, still down from the 2600p seen in April 2023 when the company was a member of ...
(Reuters) - UK stocks edged higher on Thursday, with luxury firm Burberry leading gains in the mid-cap index after unveiling ...
Burberry’s financial woes led it to get kicked out of the FTSE 100 in September after 15 years. Rumors of a possible ...
was bound to bring with it a much-need change of direction at Burberry. The company, which lost its way as a style powerhouse after wandering too far into the avant garde, dropped out of the FTSE ...
The UK's benchmark FTSE 100 rose marginally on Monday, helped by energy shares, while cautious investors braced for the U.S. presidential election and a potential interest rate cut by the Bank of ...
The FTSE 100 index was up 32.34 points, 0.4%, at 8,062.57. The FTSE 250 was up 84.55 points, 0.4%, at 20,443.76, and the AIM All-Share was up 0.44 points, 0.1%, at 729.73.
The benchmark FTSE 100 was up 42 points ... $1 on a decision by OPEC+ to delay by a month plans to increase output. Burberry jumped nearly 5 percent following reports that Italy's Moncler could ...
Despite being sorely tempted, I count my lucky stars I didn’t buy Burberry (LSE: BRBY) shares over the past year. But a recent development means I now find myself taking a fresh look at the stock.
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