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The Latest Breaking News from Joshua Schulman

Behind luxury brands Michael Kors and Jimmy Choo lurks a holding company with millions in losses

Capri CEO John Idol’s fashion powerhouse of Michael Kors, Versace, and Jimmy Choo was supposed to rival LVMH. Seven years in, the company lost $1 billion in 2025, and revenues are in tatters

Fortune

Burberry bosses urge Rachel Reeves to reinstate tax-free shopping for tourists

British luxury brand urges chancellor to pursue ‘progressive policies’ in budget to increase spending sprees by foreigners

The Guardian - UK

London fashion week’s headline act suggests it’s blue skies ahead at Burberry

A canvas ceiling painted a perfect summer blue reflected the recent surge in fortunes for Britain’s biggest luxury brand

The Guardian - UK

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Festivalgoers help drive Burberry to best sales performance in 18 months

Music fans snap up wellies, scarves and light jackets, with shares rising more than 4% on back of better-than-expected performance

The Guardian - UK

FTSE 100 Live 18 July: Reckitt Benckiser sells Cillit Bang, GSK shares slide

A setback for GSK after one of its late-stage pipeline assets failed to win the support of a US panel today triggered a 6% reverse for its FTSE 100-listed shares.

Evening Standard

Burberry pays new boss almost £2.6m in nine months while axing jobs

Joshua Schulman’s pay includes £380,000 in moving costs as ailing brand plans to cut a fifth of its global workforce

The Guardian - UK

Is Burberry’s job-slashing shake-up enough to save the troubled brand?

‘Lacklustre’ designs and a slowdown in the luxury goods market have taken a heavy toll on the British fashion label

The Guardian - UK

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Burberry Wields The Axe: 1,700 Jobs Slashed As Luxury Giant Battles £66M Meltdown

Latest reports suggest that Burberry is cutting around 1,700 jobs as part of plans to reduce costs by 2027.

International Business Times UK

Burberry announces thousands of job cuts as fashion house’s profits falter

Nearly a fifth of the brand’s global workforce will be cut

The Independent UK

Burberry to cut up to 1,700 jobs worldwide in bid to slash costs

The majority of reductions are set to come from head office-based teams around the world, led by the UK where there is a bigger proportion of staff.

Evening Standard

Burberry is cutting 1,700 jobs as its turnaround plan starts slowly reaping results

Burberry said its turnaround plan is recharging the brand, although a weak first half of the year dragged its overall performance lower.

Fortune

Burberry Warns 1,700 Jobs At Risk After Annual Loss

The troubled group is in the midst of a turnaround plan to help boost sales and cut costs as the global luxury sector struggles with weak consumer demand, notably from China.

International Business Times

Burberry may cut 1,700 jobs globally to reduce costs as profits fall

Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 170 posts

The Guardian - UK

What to expect from fashion month: New York, London, Milan and Paris

Here’s what the Big Four have in store for autumn/winter 2025…

The Independent UK

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International Business Times

Troubled Burberry Shows Sign Of Recovery Despite Sales Drop

British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership.

Evening Standard

Burberry says turnaround plan showing early progress despite festive sales dip

In an update to shareholders, the luxury fashion band said the plan launched in November was already starting to pay off.

The Guardian - UK

Realism arrives at Burberry after fashion (and share buyback) mistakes

After stunning collapse in profits, chief executive aims to ‘course correct’ and ‘celebrate heritage’

Fortune

Burberry shares soar as new CEO Josh Schulman admits 'lack of focus on outerwear,' vowing to turn losses around

Burberry also plans to slash costs by millions and has set a lofty new revenue target under CEO Josh Schulman.

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news in one place.

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International Business Times

Burberry Launches Turnaround Plan As Posts Loss

Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand.

The Guardian - UK

Burberry’s turnaround chief plans £40m cuts and ‘scarf bar’ rollout

Shares in fashion brand jump as ‘urgent’ cost-cutting programme announced following half-year losses

Evening Standard

Burberry launches 'urgent' turnaround plan on sales slump and fall into the red

First half sales tumbled by 22% to £1.09 billion, down from just under £1.4 billion last year

The Independent UK

Burberry launches turnaround as sales continue to slump

The luxury fashion house is planning £40 million in savings, promising to focus on its ‘core’ products and customers in future.

Evening Standard

Burberry sales expected to fall again amid luxury market slowdown

The fashion giant recently dropped out of the FTSE 100 but it has attracted takeover interest, according to reports.

Evening Standard

Burberry fashion show at National Theatre closes London Fashion Week

Daniel Lee presented his fifth collection to a room full of stars, while Paolo Carzana made magic in East London

The Guardian - UK

Burberry ditches avant garde for accessible fashion after investors check out

London fashion week’s biggest name hints at change of direction after struggling to win over high-end shoppers

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