Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Burberry Group PLC Add to portfolio

LON100:BRBY, Sep 26, 09:42 UTC

Latest LON100:BRBY News

Filter your feed

Apply Filter

Monday, September 17


Social Chatter

Burberry Group PLC (LON100:BRBY) social chatter is higher than usual

BRBY
Tune in: We're live at the @Burberry fashion show. Head over to BoF's Facebook page to watch the runway in realtime… https://t.co/7MKPvnYzh7

Saturday, September 08


News

Burberry ends bonfire of the luxuries after waste outcry

BRBY

Britain's Burberry will no longer burn unsold luxury goods to protect its brand after an admission that it destroyed almost $40 million worth of stock last year sparked a furor over waste in the fashion industry. Burberry also said on Thursday it would no longer use real fur such as mink and racoon, in another step towards improving its social and environmental credentials which was immediately welcomed by animal rights campaigners. The waste revelation in July from Burberry came only months after the owner of Cartier and Montblanc admitted to destroying some of their unsold watches and coincides with growing public awareness of waste and its environmental impact. Richemont, owner of luxury watch brands, said it bought back unsold stock from dealers during a recent downturn and recycled the precious metals and stones that were in the high-end pieces.

Read Full Details

Topics:
  • Business
  • Financial
  • Entertainment

Friday, September 07


Social Chatter

Burberry Group PLC (LON100:BRBY) social chatter is higher than usual

BRBY
Luxury brand Burberry to drop real fur, stop destroying unsold goods https://t.co/zF0BpcrwuL https://t.co/9qgWg8K3aV
News

Burberry pledges to stop burning unsold stock

BRBY

Burberry destroyed £28.6m worth of unsold clothes, accessories and perfume last year to prevent them from being sold cheaply and devaluing the brand. The luxury fashion retailer claimed at the time that energy generated from burning its products was captured in order to make the process environmentally friendly. Burberry has admitted it devalued its brand exclusivity in the past by chasing the mass market and former boss Angela Ahrendts famously had to buy back all the third-party licenses for its tartan design after the brand lost its premium positioning. Marco Gobbetti, chief executive at Burberry, said: "Modern luxury means being socially and environmentally responsible. "This belief is core to us at Burberry and key to our long-term success. We are committed to applying the same creativity to all parts of Burberry as we do to our products."

Read Full Details

Topics:
  • Business
  • Financial

Thursday, September 06


News

Burberry ends bonfire of the luxuries after waste outcry

BRBY

LONDON (Reuters) - Britain's Burberry will no longer burn unsold luxury goods to protect its brand after an admission that it destroyed almost $40 million worth of stock last year sparked a furore over waste in the fashion industry. Burberry also said on Thursday it would no longer use real fur such as mink and racoon, in another step towards improving its social and environmental credentials which was immediately welcomed by animal rights campaigners. The waste revelation in July from Burberry came only months after the owner of Cartier and Montblanc admitted to destroying some of their unsold watches and coincides with growing public awareness of waste and its environmental impact. Richemont, owner of luxury watch brands, said it bought back unsold stock from dealers during a recent downturn and recycled the precious metals and stones that were in the high-end pieces.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
In The News

Burberry Group PLC (LON100:BRBY) article volume is higher than usual

BRBY
Burberry shedding real fur from its fashion line - WDEF view top sourcebeta

Story Sources

wdef.com
In The News

Burberry Group PLC (LON100:BRBY) article volume is higher than usual

BRBY
Burberry to stop burning unsold products drop fur view top sourcebeta

Story Sources

marketwatch.com
News

Burberry ends bonfire of the luxuries after waste outcry

BRBY

LONDON (Reuters) - Britain's Burberry will no longer burn unsold luxury goods to protect its brand after an admission that it destroyed almost $40 million worth of stock last year sparked a furore over waste in the fashion industry. Burberry also said on Thursday it would no longer use real fur such as mink and racoon, in another step towards improving its social and environmental credentials which was immediately welcomed by animal rights campaigners. The waste revelation in July from Burberry came only months after the owner of Cartier and Montblanc admitted to destroying some of their unsold watches and coincides with growing public awareness of waste and its environmental impact. Richemont, owner of luxury watch brands, said it bought back unsold stock from dealers during a recent downturn and recycled the precious metals and stones that were in the high-end pieces.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News
News

British fashion house Burberry to stop burning unsold items

BRBY

Burberry is to stop burning millions of dollars' worth of excess stock, it announced Thursday. The British fashion house's annual report stated that it destroyed £28.6 million ($37.1 million) of goods for the year ended March 31, 2018, an increase on the £26.9 million in its 2017 financial year. Now it will cease the practice and is likely to donate garments to charities such as Smart Works, a U.K. organization that provides interview clothes to unemployed women to help them get jobs. The fashion brand will continue to work with companies such as Elvis & Kresse, a business that uses leather offcuts from Burberry products to create bags, belts and other accessories.

Read Full Details

Topics:
  • Business
  • Financial
  • Science