Burberry's outgoing head said Monday he was dedicating his final collection to gay rights campaigns and models at London Fashion Week will wear the brand's classic tartan weave in the colours of the rainbow flag.
Burberry had a good Christmas quarter even though its comp sales rise fell short of analysts' predictions. Its fashion offer outperformed while digital continued to rise and top-spending shoppers returned to the fold.
Burberry shares continued to fall Friday as investors were spooked about planned changes at the label and the money they will cost. But Belgian Billionaire Albert Frere took the opportunity to raise his stake.
Tuesday’s announcement that Christopher Bailey will depart Burberry has already ignited intense speculation about his successor. Within minutes after the news broke, a firm favorite was already installed – Phoebe Philo.
Coty and Burberry have kicked off the long-term beauty partnership that comes at a crucial time for both companies. Burberry wants to spur growth while Coty is rumoured to be about to divest some brands.