When Burberry Group Plc showed designer Daniel Lee’s creations to a star-studded audience last September, it looked like the brand had a good chance of becoming Britain’s own LVMH.

But plans to reinvigorate the company are now coming apart at the Burberry-checked seams. It warned on Friday that underlying operating profit in its current fiscal year could be about £100 million ($127.2 million) lower after a disappointing Christmas. Shares are down almost 50% over the past year, with the market value falling to £4.4 billion from £8.6 billion over the period.

QOSHE - The Luxury Slump Is Keeping Burberry in Check - Andrea Felsted
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

The Luxury Slump Is Keeping Burberry in Check

5 1
16.01.2024

When Burberry Group Plc showed designer Daniel Lee’s creations to a star-studded audience last September, it looked like the brand........

© Bloomberg

Get it on Google Play