Burberry

Fashion retail analysts and industry professionals share their thoughts on Burberry's CEO reshuffle as Drapers examines whether there are more changes on the horizon.

British luxury brand Burberry's profits fell by a third in the year ended 30 March 2024 amid a slowing demand for luxury purchases among consumers.

Denim brand Levi Strauss & Co has hired Burberry’s Gianluca Flore as chief commercial officer.

Drapers’ exclusive research shows that the number of female board members at FTSE and Aim fashion companies has improved, but there has been a decline in those in executive roles.

British luxury brand Burberry has warned its full year results will be below its previous guidance after sales fell by 7% to £706m in the 13 weeks to 30 December compared with the same period in 2022.

British luxury brand Burberry has reported a 15% fall in operating profit year on year to £223m for the 26 weeks to 30 September, driven by a "slowdown in luxury demand globally".

Luxury British heritage label Burberry has reported a 17% rise in retail revenue to £589m for the 13 weeks ended 1 July 2023, led by strong recovery in mainland China.

British luxury fashion house Burberry has reopened its New Bond Street store following extensive renovation.

British luxury fashion house Burberry has appointed Chanel's head of global diversity and inclusion Alexandra McCauley to the role of chief people officer, effective 15 November 2023.

British luxury brand Burberry has signaled growth rebounding in mainland China as a key driver of its full year results for 2023.