Burberry Group PLC (BRBY.L)
14 Jun 2019
* Sophos surges on better-than-expected profit (Adds analyst comment, company news items, updates to closing prices)
LONDON Investors in Burberry have yet to see if new designer Riccardo Tisci's ranges are a hit with customers and will boost profits after the luxury brand said on Thursday its full-year results missed expectations.
* Full-year adj operating profit down 6%, missing market view
LONDON, May 16 British luxury brand Burberry reported broadly flat full-year revenue and profit on Thursday and said it expected similar this year as it sets the foundations for growth with more products by its new designer Riccardo Tisci in stores.
PARIS French fashion group Kering, whose brands include Gucci and Saint Laurent, said it had set out internal guidelines for dealing with the welfare of animals, as fashion companies look to tighten their ethical standards.
PARIS LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China.
* Rival luxury goods companies buoyed by LVMH gains (Writes through, adds detail, updates shares)
BERLIN German fashion house Hugo Boss said it expected its operating profit to rise faster than sales in 2019, predicting strong momentum in its online business and Asia. | Video
* Online set to keep expanding fast (Adds details, background)
LONDON Burberry Group Plc creative head Riccardo Tisci went back to his fashion-student days in 1990s London for his second catwalk show for the luxury label on Sunday, presenting a collection he said looked at Britain as a country of contrasts. | Video