Burberry
Burberry’s sales down by 45% in first quarter
Comparable sales of the Britain-based luxury brand declined by 45% in the first quarter, easing to -20% in June. Growth in Mainland China and Korea in June was ahead of pre Covid-19 levels, with sales of full-price leather goods up strongly in these regions
Burberry: sales decline by 27% in the last quarter
The British-based luxury fashion house was heavily impacted by the COVID-19 pandemic, with 60% of stores closed by the end of March. In the fourth quarter sales declined by 27%
Burberry says it will not apply for British state crisis money to pay salaries
With the UK under lockdown given the Covid-19 pandemic, many companies have taken advantage of the state job retention scheme. Burberry has said it won't take any of this cash
Burberry expects 30% drop in sales
The British-based luxury brand is already forecasting the hit from the impact of the Covid-19 pandemic. Burberry announced it is expecting a 30% decline in sales for the first quarter of 2020
Half-year growth for Burberry
The UK-based luxury brand has reported revenue of roughly 1.3 billion British pounds for the first half of the year, up by 5% compared to the same period a year ago
24 new companies join the Fashion Pact
Signatory companies of the Fashion Pact have met in Paris for a first working meeting and 24 more companies joined the group
Burberry confirms boost in sales
The London-based global luxury brand Burberry announced a 3% increase in sales in the first quarter of the financial year
Burberry's new strategic investment
The London-based global luxury brand Burberry announced it has entered into an agreement to acquire a luxury leather-goods business from longstanding Italian partner CF&P- 1
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