Burberry announces turnaround plan

Burberry announces turnaround plan as sales continue to slide
Burberry's new CEO Joshua Schulman announced a turnaround strategy for the struggling British luxury brand on Thursday, as sales continued to slide, falling 20% in its second quarter.
Burberry Ramps Up Turnaround as It Seeks to Revive Brand
Burberry said it is taking steps to cut costs and reduce inventory as part of a new strategic plan that seeks to turn around its brand. “We are acting with urgency to course correct, stabilize the business and position Burberry for a return to ...
Burberry Announces Losses And Launches Turnaround Plan
Troubled British fashion house Burberry on Thursday announced a turnaround plan to kickstart sales as it reported a net loss of £74 million ($94 million) in the first half of the year.
Burberry launches turnaround as sales continue to slump
The luxury fashion house is planning £40 million in savings, promising to focus on its ‘core’ products and customers in future.
Burberry launches "urgent" turnaround plan on sales slump and fall into the red
Luxury fashion house Burberry launched an “urgent” turnaround plan today as it revealed another slump in sales and a fall into the red in the first half of the year.
Burberry launched turnaround plan as sales, profits plunge
Luxury goods brand Burberry on Thursday suspended its dividend and launched a review of the business in an “urgent” effort to turnaround its struggling fortunes after slumping to a £80m half-year loss driven by plunging sales in its key Chinese market.
Mint11h
Burberry is being wooed for its chequered past and bright future
With Burberry trying to turn around its fortunes for the past eight years, Moncler—which LVMH has invested—is considering a ...
Moncler not in talks to take over Burberry, sources say
Italy's Moncler is not in talks to take over Burberry , four sources close to the matter said on Monday in response to a ...
Burberry Debuts Its Holiday Campaign and a Virtual Scarf Try-on Service
Shot in London's storied cultural neighborhood of Bloomsbury, the campaign features three sets of portraits that spotlight ...
FTSE 100 Live 14 November: Loss-making Burberry unveils new strategy, WH Smith and Aviva updates
New Burberry boss Joshua Schulman today unveiled his strategy for reviving the struggling luxury goods retailer. Schulman’s plan will lead with outerwear and earn authority in other categories, while ...
The UK8h
‘Urgent’ course correction at Burberry to address underperformance
West Yorkshire-based fashion brand, Burberry, says it is taking urgent action to improve its performance and stabilise the business. It has initiated a cost savings programme to unlock annualised ...
MarketWatch23h
Burberry's Strategy Under New CEO in Focus as Turnaround Continues -- Earnings Preview
Burberry is scheduled to report results for the first half of its fiscal year 2025 on Thursday. Here is what you need to know. SALES FORECAST: The British luxury group is expected to book revenue of ...
Burberry braced for Moncler takeover as staff given heads up
Luxury fashion house Burberry is braced to be taken over by Italian company Moncler amid staff at one of its flagship London ...
Burberry Expands British Park-themed Pop-ups to More Global Locations
This round of retail activations is an extension of the brand's latest outerwear campaign masterminded by new chief executive ...