Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
The British luxury group has once again cut its profit guidance for fiscal 2024, following a period of weak sales in December. It also warned of tough times ahead for the luxury sector as demand wanes
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide
The foundation set up by the Burberry Group is partnering with the organization Save the Children to launch the Life Chances programme, which aims to support young people affected by the war in Ukraine
The iconic global flagship store, located at 21-23 New Bond Street in London, has reopened to the public to reinforce Burberry's positioning as the modern British luxury brand
The luxury group posted an 18% growth in comparable store sales in the first quarter of fiscal 2024, as compared to the same period of last year, driven by the ongoing recovery in Mainland China
The UK-based luxury group has announced the expansion of its Burberry Inspire youth community programme. The aim is now to support 500 000 young people worldwide in the next three years
The UK-based luxury group has posted a 10% rise in revenue during fiscal 2023 from the prior year, underlining a rebound in performance in the Mainland China in the fourth quarter
Joining from the luxury fashion brand Chanel, Alexandra McCauley will manage Burberry’s People strategy globally. She will join the company’s Executive Committee while reporting directly to Burberry CEO Jonathan Akeroyd
The two luxury brands have joined a new platform launched by the tech start-up Labell-D that aims to help consumers protect the value of their luxury products through validated pricing
The British label has announced that Kate Ferry, currently Chief Financial Officer of the McLaren Group, will join Burberry by early September 2023 to occupy the same role in the company
The luxury group posted double-digit revenue growth in the third quarter of fiscal 23, excluding the impact of China, where COVID-19-related disruption continued to affect the business
The UK-based label appointed Giorgio Belloli and Delphine Sonder to the newly created roles of Chief Digital, Customer and Innovation Officer and Chief Merchandising Officer, respectively
The UK-based luxury group reported a revenue increase of 11% in the first half of fiscal 2023, year-over-year, mainly driven by a strong performance in the EMEIA region
The UK-based luxury group announced that, in light of the rising cost of living, has decided to anticipate the new UK real Living Wage pay rates by more than six months