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Former Tesco exec joins Burberry board

Burberry has announced that Alan Stewart has been appointed to its board as a non-executive director and member of the Audit and Nomination committee, effective from September 1. It comes as Matthew Key is set to retire from his position on the board as a non-exec director after nine years with the company. Stewart will be succeeding Key the...

5 Aug 2022

Business

Burberry partners with Gen.G on educational gaming content series

British heritage brand Burberry has taken its first steps into the esports world through a new partnership with gaming organisation Gen.G. The duo will be launching a four-part educational content series that aims to champion women and the importance of inclusivity in gaming, as part of the organisation’s ‘NetWork: Inspire’ programme. The...

1 Aug 2022

Business

Top luxury brands for M&A targets

Mergers and acquisitions can be some of the most dramatic and costly transactions in the entire fashion industry. They also get the public talking, so while they aren’t moves meant for publicity, they keep PR departments busy. In 2018, when Michael Kors acquired Versace for 2.12 billion dollars, forming Capri Holdings, it was one of the biggest...

29 Jul 2022

Fashion Featured

Burberry returns to London Fashion Week schedule

The British Fashion Council (BFC) has released the provisional schedule for London Fashion Week in September, including Burberry, which returns after a short hiatus, and Raf Simons, who will be making his LFW debut. London Fashion Week will take place from September 16 to 20 and has confirmed more than 100 designers on its provisional hybrid...

25 Jul 2022

Business

Burberry expands fabric donation programme

Burberry has announced a second surplus fabric donation to fashion schools through its ReBurberry Fabric programme in partnership with the British Fashion Council (BFC) to support creative communities while promoting a circular economy. The ReBurberry Fabric initiative first launched in 2020 with the British heritage band donating leftover...

20 Jul 2022

BusinessFeatured

Burberry Q1 sales hit by Mainland China lockdowns

Burberry reported a 1 percent year-over-year increase in sales in the first quarter of the year as lockdowns in Mainland China continued to impact the business. Excluding the impact of Mainland China, comparable store sales grew 16 percent. The company performed best in EMEIA, with comparable store sales up 47 percent. CEO Jonathan Akeroyd told...

15 Jul 2022

Business

Burberry appoints Danuta Gray as chair of the remuneration committee

Burberry Group plc has announced that Danuta Gray will succeed Orna NiChionna as chair of the remuneration committee with effect from September 1, 2022. The company said in a release that Gray has been a member of the remuneration committee since her appointment to the board on December 1, 2021. The company added that NiChionna will remain on...

14 Jul 2022

Fashion |In Pictures Featured

Burberry drops virtual handbag collection on Roblox

Burberry has dropped a virtual handbag collection taking inspiration from its Lolo bag on the open-world platform Roblox. The exclusive limited-edition virtual Lola range is comprised of five unique handbags drawing on Burberry’s spirit of adventure and affinity for nature and the outdoors. The virtual bags have been created in partnership with...

13 Jul 2022

Fashion |In Pictures

In pictures: Burberry unveils takeover of Ananti Cove in Busan

British heritage brand Burberry has unveiled an immersive takeover of Ananti Cove in Busan, South Korea, decorating the resort in its TB summer monogram. A bespoke iteration of the TB summer monogram has decked out everything from the pool and outdoor terrace areas to dining spaces and lounge areas within the resort that comprises the Ananti...

4 Jul 2022

People

Burberry taps new vice president of corporate responsibility

Burberry has appointed Caroline Laurie as its new vice president of corporate responsibility. Laurie joined the British luxury label in June, according to LinkedIn, before which she spent eight years as director of responsible business and sustainability at home improvement company Kingfisher. Earlier in her career, she held various roles at B&Q...

4 Jul 2022

BusinessFeatured

First 24 hour metaverse festival sees Burberry and H&M discuss brand loyalty in virtual world

A new 24 hour metaverse festival launched this week, bringing together leaders in the fashion industry to discuss the future of the digital world. Meta Festival, which was organised and co-founded by global digital agencies Dept and Journee, looked to establish a conversation around the metaverse, with the likes of tech developers and digital...

1 Jul 2022

Fashion |In Pictures

Burberry unveils new NFT collection with Mythical Games

Burberry has unveiled its second NFT collection with Mythical Games in its flagship title, Blankos Block Party, and its plans to open a bespoke social space within the game where players “can come together and enjoy a unique virtual experience”. The limited-edition Burberry Blanko NFT, which takes the form of a unicorn named Minny B, has been...

20 Jun 2022