The luxury fashion house reported a steep decline in profits and revenue for FY25, with adjusted operating profit falling to £26m from £418m. Facing challenging market conditions, the company is implementing a turnaround strategy.
The retailer announces the retirement of a non-executive director from its board, effective at the next annual general meeting.
The retailer has announced a change in major shareholding, with Norges Bank increasing its stake in the company.
Luxury brand in transformation sees mixed results
Routine administrative update on a recruitment share award for Burberry's new CEO, unlikely to significantly impact the luxury retailer's business.
Luxury fashion brand Burberry announces board changes, including the appointment of a new Non-Executive Director with extensive industry experience.
Luxury fashion brand Burberry grants shares to top executives
The luxury fashion house reports a significant revenue decline and operating loss, suspending dividends as it unveils a new strategic plan to revitalize the brand amidst challenging market conditions.
Major investor increases stake in luxury fashion retailer
Luxury goods company Burberry sees shift in major shareholder, but broader fundamentals remain key.