By Paul Sandle and John Revill LONDON/ZURICH (Reuters) - Burberry said it was optimistic consumers in China would start spending again and Richemont (LON:0QMU) saw a rebound there...
(This Jan. 18 story has been corrected in the first and the fifth paragraph to show that Richemont (LON:0QMU) did not give a projection for its performance) By Paul Sandle and...
The global pandemic affected numerous sectors of the economy as lockdowns forced people to stay at home. Online retailers suffered as social restrictions meant people stopped...
Global markets plunge after US equity slump on Wednesday Oil slides Bitcoin tumbles Key EventsOn Thursday, futures on the Dow, S&P, NASDAQ and Russell 2000 were all trading in...
Burberry Group plc is a global luxury goods manufacturer, retailer and wholesaler. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's segments include Retail/wholesale and Licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce as well as Burberry franchisees, department stores globally and multi-brand specialty accounts. The flow of global product between retail and wholesale channels and across its regions is monitored and optimized at a corporate level and implemented via the Company's inventory hubs situated in Europe, the United States, mainland China, and Hong Kong, Special Administrative Regions (S.A.R.) China. The Licensing segment generates revenue through the receipt of royalties from global licensees of beauty products, eyewear and from licenses relating to the use of non-Burberry trademarks in Japan.