The British luxury fashion house Burberry Group was relegated from the U.K.’s FTSE 100 on Wednesday 4th August 2024, amid declining sales and management upheavals, all adding to the challenges of the 168-year-old retailer This demotion represents a new setback for Burberry, with its share price having plummeted over 53%Read More →
Kering, the owner of Gucci, experienced a drop in its share value on Thursday 25th July 2024 following the announcement of a significant revenue decrease in the first half of the year, coupled with a subdued outlook for the latter half. Kering’s shares fell by up to 9% as theRead More →
Burberry shares slide on Monday 15th July 2024 after the UK luxury fashion group announced a profit warning and a dividend halt and said its chief executive officer (CEO) was being replaced. The maker of the iconic trench coat described a ‘disappointing’ fiscal first-quarter 2025 in a trading update. Burberry reportedlyRead More →