New York - November, 9 was a grey day for stocks traded on the main British benchmark index. In London, the FTSE 100 was down 46 at 7,094, with Burberry Group PLC (LON:BRBY) leading the retreat, after UBS cut its price target for the luxury goods firm to 2,000 pence from 2,150 pence. As reported

Over 290 companies representing 20 percent of all plastic packaging produced globally have signed a global commitment to end plastic waste and pollution at the source. The initiative was led by UK charity Ellen MacArthur Foundation, in collaboration with UN Environment. Fashion companies such as H&

16 seconds. That’s how long it took for Rimowa’s suitcase collection in collaboration with streetwear brand Supreme to sell out, despite its starting price of 1600 US dollars. Both labels announced the collaboration by simply posting a picture of the product on social media, alongside i

British heritage label Burberry will be starting a series of surprise monthly product releases. On the 17th of each month, new products will be made available for purchase for 24 hours only on the company’s Instagram and WeChat profiles. Titled “B Series”, the retail strategy coi

Milan Fashion Week kicks off on Wednesday with cutting-edge couturiers taking over the city to present their women's ready-to-wear Spring/Summer 2019 collections, while doffing a collective cap to the environment. Following on the high heels of New York and London fashion weeks, and ahead of

The Burberry SS19 catwalk presentation was both epic in proportion - 133 looks! - and epic in transformation. Held at a cavernous former Royal Mail warehouse in Vauxhall, guests were kept in the dark until the roof retracted and in flooded the English Indian summer rays of light. A more apt start t

Burberry's new star designer Riccardo Tisci put his own twist on the venerable British company's classic style for its streetwear and luxury fashion show at London's Fashion Week on Monday. The 44-year-old Italian designer's first Burberry show was one of the most anticipated events of Fashi

Despite admittedly burning unsold goods to preserve its image of exclusivity, British fashion house Burberry has been included for the fourth consecutive year in Dow Jones’ Sustainability Index, in the “Textiles, Apparel & Luxury Goods” category. The index aims to guide invest

Fashion fans have been abuzz lately over Celine’s recent removal of its accent mark and the unveil of the new Burberry logo and monogram. Burberry’s previous logo had been in use for over 20 years, becoming an integral part of the brand’s aesthetic identity. Hedi Slimane opted for

Burberry, the maker of iconic trench coat has announced that it will stop the practice of destroying unsaleable products, with immediate effect. The development takes place after recent media reports pointed out referring to the company’s latest annual report that Burberry destroyed finished

RNS Number : 6693X Burberry Group PLC 14 August 2018 Burberry Group plc Transaction in own shares Burberry Group plc ("Burberry") announces that on 13 August 2018 it purchased the following number of its ordinary shares of 0.05 pence each on the London Stock Exchange from Merrill Lynch Internation

This week we saw Apple become the first trillion dollar company, Burberry unveil a new monogram under artistic director Riccardo Tisci, Dior debut its AW18 ready-to-wear campaign and Condé Nast expected to sell off three print magazines. This is what we learned: Apple this week became the w

Burberry has a new visual identity. Ricardo Tisci, the label’s creative director since March, unveiled a new logo and monogram on his Instagram profile today. They were both designed by Peter Saville Studio. “Peter is one of our generation’s greatest design geniuses. I’m so

Burberry has come under fire after revealing it destroyed over 28. 6 million pounds (37.6 million US dollars) worth of unsold goods in the financial year 2017/2018 -- a desperate measure to avoid markdowns, which would hurt the brand’s image of luxury and exclusivity. The latest criticism has

Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of their brands. In its annual report the British fashion firm acknowledged that it had burned un

Another fashion company that intentionally destroys its goods: Burberry announced in its current annual report that it destroyed finished goods worth 28.6 million pounds (32 million euros) in the financial year 2017/18. Destroying one's own products is a desperate step, but above all, it shows in w

On the topic of sustainability we are used to hearing brands over-producing collections for their retail networks and being left with excess stock. Back in March the New York Times broke the story that H&M was sitting on a 4.3 billion dollar mountain of unsold inventory. Enough items to dress a

Burberry is teaming with Opening Ceremony to release a special collection. The release will feature pieces made for the brand’s fall collection and items made exclusively for the American clothing company. Among the designs are re-released logo jerseys and previously sold items that have be

In its first quarter update, Burberry Group Plc said, that the company witnessed a solid performance in retail in a period of transition, with comparable sales increase of 3 percent. Retail revenues in the quarter increased 3 percent CER to 479 million pounds (635.5 million dollars). Hover over th

British luxury house Burberry is to introduce increased fashion drops as part of its new product release strategy. Burberry's new Chief Creative Officer, Riccardo Tisci, last week introduced a collaboration with Vivienne Westwood and further capsule drops will be planned throughout the season, acc

Burberry Group Plc has announced that Marian Murphy, wife of Dr Gerry Murphy, chairman designate and a Director of the company, purchased 5,000 ordinary shares of 0.05 pence each in the company on June 22, 2018 at a price of 21.57 pence per share or worth 107,850 pounds (1,42,597 dollars). In April

Gucci is looking for ways to efficiently and sustainably cope with increasing Chinese consumers’ demands. Following into the steps of other luxury fashion powerhouses like Burberry and Louis Vuitton, the Italian luxury fashion company is bringing more manufacturing in-house. Gucci has recent

What will the store of tomorrow look like? Although it is clear that the digital world changing the way consumers shop, new technologies, such as augmented reality (AR) and virtual reality (VR), are rapidly reshaping the retail landscape by enhancing the customer experience in-store and online. Tha

London - Burberry Group plc, Gap Inc, H&M, Nike Inc, Stella McCartney and HSBC - some of the largest names in the fashion industry - have joined forces to develop a future, circular industry. These industry leaders have been named core partners of the initiative Make Fashion Circular and will w

In its preliminary results statement for the year ending March 31, 2018, Burberry has reported revenue growth of 2 percent at CER and reported, excluding beauty wholesale revenue. The company said that the revenues growth was led by retail, with comparable store sales up 3 percent. Total revenue of

Billionaire Albert Frere has sold his entire stake worth 498 million pounds (673.6 million dollars) in Burberry Group Plc. According to a statement released by his company, the Groupe Bruxelles Lambert and its wholly owned subsidiary GBL Energy, the company has successfully sold 6.6 percent of the

London - British heritage fashion house Burberry is considering halting its use of real animal fur ahead of the upcoming royal wedding, which sees animal advocate Meghan Markle marrying Prince Harry. In a statement published by the Sunday Times, Burberry revealed that it is currently reviewing its

Part two of our collaboration with photographer Juergen Teller and model and artistic director Adwoa Aboah in her adoptive home city - amongst family and friends. Source: Burberry, YouTube.

Burberry has appointed Gavin Haig as the company’s Chief Commercial Officer, effective April 23, 2018. The company said, in this newly created position, Haig will be responsible for all regions in which Burberry operates. He will report to Marco Gobbetti, Chief Executive Officer of Burberry G

London - Luxury online retailer Farfetch is launching a new technology start-up accelerator, entitled 'Dream Assembly'. The online platform has already enlisted heritage fashion house Burberry and global venture capital form 500 Startups as its first partner organizations. Dream Assembly is set to