
Burberry was upbeat Thursday as it reported annual results for the year to March 31. Christopher Bailey talked of “early success with key revenue drivers” as “newness outperformed,” and it saw mid-teens growth in bags.
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Burberry was upbeat Thursday as it reported annual results for the year to March 31. Christopher Bailey talked of “early success with key revenue drivers” as “newness outperformed,” and it saw mid-teens growth in bags.
Burberry has announced the appointment of Judy Collinson as chief merchandising officer. The former Christian Dior VP will drive the company’s product strategies as the business repositions itself for growth.
Burberry delivered a mix trading update on Wednesday morning. There were signs that the firm is getting back on the recovery trail as its new bags and outerwear are selling well, but also that there is still work to do.
Ralph Toledano has left his position as president of the fashion division of the Puig Group, as well as the presidency of both Nina Ricci and Jean Paul Gaultier.
The house of Givenchy has chosen as its new creative director Clare Waight Keller, breaking the news on - what else? - Instagram. A British designer succeeding an Italian at one of France's classiest houses.
Séverine Merle has left Berluti to take charge of French fashion label Céline - like Berluti, part of the LVMH group. She replaces Marco Gobbetti, who left in January, heading for Burberry.
Marco Gobbetti, recruited last year from French brand Céline to be chief executive of Burberry, will start work next week and take on full responsibilities in July, the British luxury goods company said on Monday.
Burberry has rejected multiple takeover offers from US peer Coach, the FT reported on Sunday. The market value of the combined firm would have been above $20 billion, according to the newspaper.
The former right-hand of Hedi Slimane during his Saint Laurent tenure has reportedly been recruited by the French house owned by the LVMH group to take over the label’s accessories.
British luxury fashion brand Burberry reported a drop in first-half sales on Tuesday, hitting its shares as weak demand from department stores offset a surge in bargain hunting tourists.