Burberry 2014 Christmas campaign launched as profits hurt by foreign exchange loss November 12, 2014 Burberry yesterday brushed off concerns over foreign exchange movements, saying it expected the effects to wear off in the next six months after taking its toll on first-half profit. The luxury fashion group posted a six per cent rise in underlying profit to £152m in the six months to 30 September. But [...]
Strong pound hits Burberry profits November 12, 2014 Burberry may be the toast of the fashion pack, but its success abroad has taken its toll. The company, which has been prolific in Asia, has posted adjusted pre-tax profits down 12 per cent £152.3m in the six months to the end of September. Shares in the brand opened just under one per cent lower as [...]
Burberry sales jump despite tough market October 14, 2014 BURBERRY warned yesterday that conditions in some of its markets, including China, were getting tougher, despite a 14 per cent increase in first-half sales, sending shares down almost four per cent. The luxury group said total revenues reached £1.1bn in the six months to 30 September, thanks to strong performance across all regions. However, it [...]
Burberry profits vulnerable to forex as revenue rises amid digital growth October 14, 2014 Fashion house Burberry has enjoyed a rise in underlying revenue of 14 per cent to £1.1bn for the first half. Burberry cheerfully reported a strong performance across all regions and continued digital growth. Retail sales climbed 15 per cent to £748m, with double-digit growth in Asia Pacific and the Americas. Chief executive officer Christopher Bailey [...]
Burberry steps out with Twitter technology September 15, 2014 Fashion house Burberry used its runway show yesterday at London Fashion Week to reveal its tie-up with Twitter. A “buy now” button allows users to purchase an item from the tweet, without being redirected to another page.
Burberry boss Christopher Bailey snaps up Cara Delevingne and Kate Moss September 1, 2014 Burberry has today revealed its first fragrance campaign under chief exec Christopher Bailey after launching My Burberry, inspired by the group’s signature trench coat. The ad campaign is relying on the glamour of two of Britain’s best known models, Kate Moss and Cara Delevingne, as well as social media technology to draw in savvy luxury [...]
Burberry boss Christopher Bailey takes home £5.2m August 21, 2014 Burberry chief executive Christopher Bailey has pocketed £5.2m from share sales just weeks after shareholders rebelled over a controversial £27m pay package awarded to him this year. A regulatory filing yesterday showed that the luxury brand’s new boss exercised options on shares granted under previous award schemes. A spokesperson said the main reason for the [...]
Burberry shareholders vote against Christopher Bailey pay deal July 11, 2014 Shareholders have struck a blow to Britain's iconic luxury fashion brand Burberry by voting against the proposed multi-million pound pay package for new chief executive Christopher Bailey. More than 50 per cent of those who voted at the luxury giant's annual general meeting today went against the directors' remuneration report. The lucrative package includes a [...]
Burberry hopes to avert a pay row with forecast-beating sales July 10, 2014 Luxury goods group Burberry yesterday appeased investor concerns over its chief executive’s pay after posting bigger than expected rise in first quarter sales. Retail sales jumped 17 per cent to £370m in Christopher Bailey’s first three months at the helm, beating analyst forecasts for around £350m. Like-for-like sales were 12 per cent up from the [...]
Christopher Bailey: The Yorkshireman filling Burberry’s boots July 10, 2014 There was a big elephant in the room – or rather on the line – when reporters dialled into the Burberry first quarter conference call yesterday. The luxury group’s new chief executive Christopher Bailey was conspicuously absent, as he was in May during the preliminary results call, leaving finance chief Carol Fairweather to lead the [...]