Burberry Group PLC

Burberry Group Plc operates as a holding company, manufactures, designs and distributes apparels and accessories under the Burberry brand. It operates through the following segments: Retail and Wholesale, and Licensing. The Retail and Wholesale segment sells luxury goods through Burberry mainline stores, concessions, outlets, and digital commerce, as well as Burberry franchisees and department stores. The Licensing segment channel offers global licenses of fragrances, eyewear, timepieces and European children's wear. The company was founded by Thomas Burberry in 1856 and is headquartered in London, the United Kingdom.

Shares in luxury fashion group Burberry fell more than 5% on Thursday despite a strong sales rebound driven by China and the U.S. in the fourth quarter.

Burberry Reinstates Dividend as Sales Rebound Strongly. Why The Stock Is Falling.

The chief operating officer of Burberry said the British luxury brand was pleased with its performance in mainland China when asked about any backlash to Western accusations of abuses in Xinjiang.

Asked about Xinjiang, Burberry says pleased with China performance

Burberry Group PLC (LON:BRBY) has reinstated a progressive dividend policy after posting an improvement in sales despite some of its markets are still under some level of restrictions. In the current financial year, the FTSE 100 group expects revenue to grow 8-9% underpinned by the continued outperformance of full-price sales.

Burberry reinstates progressive dividend policy as sales gradually recover

British luxury brand Burberry on Thursday reported a 10% drop in sales for the year to end-March, weighed down by the COVID-19 pandemic, but said its recovery from the crisis accelerated through the year.

Burberry's annual sales weighed down by COVID-19

BT Group

BT Group PLC (LON:BT.A) will report its fourth-quarter and full-year results on Thursday as speculations mounts over the future of its BT Sport division. For the fourth quarter, the consensus forecasts are for revenue of £5.29bn (down 6.1% year-on-year) and underlying earnings (EBITDA) of £1.83bn.

BT Group, Burberry, and Greggs are key names in Thursday's diary

Burberry's sales decline is lessening and margins look healthy. That's good for this year but it's also a positive sign that the business is turning around.

Burberry: Continued Signs Of Turnaround

More Western brands are facing backlash in China as they get caught in the international crossfire over Beijing's treatment of Muslims in the country's Xinjiang region.

Chinese Stars Snub Western Brands Hugo Boss, Burberry, and H&M Over Xinjiang Row

NIKE

The list of western brands that have been boycotted, blocked or erased from Chinese social media and mapping software continued to grow on Friday (March 26), as a growing diplomatic row over human rights in the country's cotton-growing region threatened to disrupt one of the world's most important retail markets. As of Friday, the London-based […]

China's Crackdown On Western Brands Hits Burberry, Nike, H&M And More

H&M stores in China have suddenly disappeared from Apple Maps amid the fast growing controversy over human rights in China's cotton-picking region. Beijing consumers could not find location listings for the fast-fashion retailer on either Apple Maps or Baidu Maps on Friday, according to Bloomberg, while stores for other retailers including Japan-based Uniqlo continue to.

H&M, Burberry scrubbed from internet in China over forced labor accusations

adidas AG

Companies including H&M, Nike, Adidas and Burberry have been caught in the middle of a political firestorm in China — spooking investors that keep close tabs on a key market.

China boycotts are a warning to Western brands

Luxury fashion house Burberry is the latest Western brand to face a backlash inside China over their ban on cotton produced in Xinjiang, following mounting concerns over alleged human rights abuses and the use of forced labor in the region.

As Burberry Faces Backlash In China Over Xinjiang Cotton, Other Luxury Brands Could Face Boycott

Burberry PLC (LON:BRBY) has been scrubbed from a popular Chinese video game and seen one of its brand ambassadors resign following Western allegations about human rights abuses by China. Britain has joined with other Western countries to impose sanctions on China over the claims of systematic rights abuse of the Uighur community in Xinjiang.

Burberry catches the backlash as China retaliates against Uigher sanctions

Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming the first luxury brand assailed by the Chinese backlash to Western accusations of abuses in Xinjiang.

Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang

A number of European-listed clothing companies were down sharply in the wake of China retaliation over dropping cotton made in Xinjiang over forced labor concerns. H&M , Burberry Group , Adidas , Puma and Zara owner Inditex were among the companies trading between 2% and 6% lower.

H&M, Burberry shares slide on Chinese retaliation fears

U.K. luxury fashion retailer Burberry has upgraded its full-year profit forecast, driven by a robust recovery in demand for its luxury goods in China and South Korea. Italian brands Prada and Salvatore Ferragamo have also enjoyed strong Asian sales and a boom in e-commerce.

China, Digital And Youth Boost Burberry, Prada And Luxury Fashion

A short but optimistic 100-word “unscheduled trading update” issued by British designer and retailer Burberry on Friday (March 12) gave a lift to the company, as well as the broader luxury segment. Coming a full two months ahead of the planned release of its fourth quarter and full-year earnings results slated for mid-May, the famed […]

Burberry's Better-Than-Expected Rebound Spurs Confidence In Luxury Retail Sector

Burberry said on Friday that it expects full-year profits to beat expectations following a strong rebound in trading in the fourth quarter, sending shares in the British luxury goods group more than 8% higher.

Burberry Lifts Full Year Guidance After Strong Rebound in Sales.

UK luxury fashion group Burberry rose by as much as 10% on Friday, on track for its largest daily gain in a year, after issuing an upbeat assessment of its full-year earnings that topped analysts expectations.  Burberry shares were last up 6.2% on the day around £21.10 ($29.18), having risen to a session peak of £21.85 earlier in the day, close to their highest since mid-January 2020.

Luxury fashion house Burberry rises as much as 10% after issuing upbeat full-year outlook

Burberry Group plc (LON: BRBY) said on Friday that its sales recovered sharply since December. The company expressed confidence that its profit and revenue is expected to beat market estimates in its final quarter.

Burberry expects to beat market estimates for full-year profit and revenue

Demand from Chinese consumers, who have been spending at home, has boosted sales of luxury companies

Burberry shares soar as British luxury group upgrades outlook after strong rebound in sales

British luxury group Burberry said on Friday it would beat market forecasts for profits and revenues in its final quarter after a strong rebound in sales since December, sending its shares to pre-pandemic levels.

Britain's Burberry to beat forecasts after sales rebound

Burberry Group PLC (LON:BRBY) said revenue and adjusted operating profit for the year to March 27 are expected to be ahead of consensus. In an unscheduled trading update, the FTSE 100 luxury fashion powerhouse said it has continued to see a strong rebound in trading since December.

Burberry upgrades full-year forecasts as trading rebounds

Shares of Burberry (LON: BRBY) are trading about 6% lower compared to yesterday's high after the company reported falling sales for the third quarter. Fundamental analysis: Lockdowns impacting sales again Luxury fashion house Burberry said its underlying sales dropped by 9% in the quarter ended December as it was forced to close shops due to […] The post Burberry stock price dips as sales contract in Q3 appeared first on Invezz.

Burberry stock price dips as sales contract in Q3

Investors were encouraged by updates from British fashion group Burberry and Cartier owner Compagnie Financière Richemont.

Luxury Stocks Rise as Burberry and Richemont Show Signs of Recovery

British luxury-goods group Burberry warned that the spread of new strains of coronavirus could lead to more disruption for the business.

News for Burberry Group PLC Stock (BURBY)