Burberry Group PLC (BRBY.L)
21 Apr 2017
Wed, Apr 19 2017
LONDON British luxury brand Burberry reported a slowdown in quarterly sales growth on Wednesday as tough trading in the United States checked recent gains driven by a weaker pound and showed the problems facing its new chief executive. | Video
LONDON, April 19 British luxury brand Burberry reported a slowdown in quarterly sales growth on Wednesday as tough trading in the United States checked recent gains driven by a weaker pound and showed the problems facing its new chief executive.
LONDON, April 19 British luxury brand Burberry reported a slight slowdown in its fourth-quarter comparable sales growth rate, as tough conditions in the United States weighed on an "exceptional" performance in its home market.
LONDON British luxury brand Burberry has agreed to license its fragrances and cosmetics business to Coty for $162 million, plus a $63 million payment for inventory, in a deal that will help it develop new products and give it the benefit of the U.S. group's extensive distribution network.
* Shares up 1 pct (Releads with price being paid for licence plus inventory)
* Shares up 1 pct (Adds CFO comments, analyst reaction, shares)
LONDON, April 3 Britain's top share index rose on Monday in choppy trade, beginning the second quarter on a positive note as gains among oil-related stocks and Burberry supported the FTSE 100 index.
LONDON, April 3 British luxury brand Burberry said on Monday it would transfer its beauty business to U.S. group Coty in a deal that will bring in around $225 million plus ongoing royalty payments in a bid to revitalise the division.
* Entered agreement to acquire exclusive long-term global license rights for Burberry beauty luxury fragrances, cosmetics and skincare
LONDON British artist Henry Moore provided the inspiration for luxury label Burberry's latest collection at London Fashion Week on Monday, with models strutting amid his sculptures in neutral designs influenced by his work. | Video