Burberry's Recovery Will Take Time, Barclays Says -- Market Talk

WSJNov 25 20:16

Moody's Cuts Burberry's Rating, Maintains Negative Outlook

MT NewswiresNov 22 23:03

Correction to Burberry Adj EPS Flash Headline on Thursday

Dow JonesNov 15 16:49

Coming Undone: Balance Restored in Luxury Category as Tapestry and Capri Call off Merger

Seeking AlphaNov 15 01:27

Is a turning point for the luxury goods industry coming? Burberry announces a new global strategy to turn its predicament around, and the stock price surged by 22%.

Burberry announced its financial report on Thursday, showing a significant revenue decline of 22% and a shift from profit to loss year-on-year. However, the new CEO simultaneously announced a global strategy restructuring plan and a £40 million cost-saving initiative, which temporarily boosted the company's stock price by 22%, marking the largest single-day rise in the stock's history, ending a streak of four consecutive days of decline. Analysts reacted positively to the news, pointing out that this transformation could signify a 'turning point' for the brand in distress.

wallstreetcnNov 15 01:24

Burberry's Strategy Needs More Than Just a Focus on Outerwear, Scarves -- Market Talk

WSJNov 14 23:48