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Burberry shares soar as new CEO Josh Schulman admits ‘lack of focus on outerwear,’ vowing to turn losses around
Burberry hasn’t got a lot right in recent years. But its new CEO,
Joshua
Schulman
, wants to act fast and “course correct” to save the ailing British luxury brand. The London-listed company has been rattled by the luxury downturn affecting the rest of ...
Burberry Revenue, Profits Plummet in First Half as New CEO Joshua Schulman Sets Out Fresh Strategy
Revenue was down 22 percent in the fiscal first half, and the company posted an operating loss of 53 million pounds amid myriad challenges for the brand.
Loss-making Burberry puts focus back on trench coats in a turnaround plan
New CEO
Joshua
Schulman
laid out his turnaround plans Thursday after Burberry reported a loss for the first half of its financial year and announced a £40 million ($50.67 million) cost savings program. The group’s shares surged more than 14% Thursday ...
6h
on MSN
The Burberry Whisperer? Joshua Schulman Plans to Restore the Brand’s Fortunes, Win Back Customers
In an exclusive interview with WWD, Burberry CEO Joshua Schulman said he's looking at Burberry holistically, filling the shop ...
6h
on MSN
Burberry boss unveils back to British plan as he seeks to revive the luxury brand's fortunes
Joshua Schulman, who took the top job in July, admitted the firm, best known for its trench coats, had lost its way in recent ...
voguebusiness
6h
‘Our best days are ahead’: Burberry CEO reveals turnaround plan
Following the company’s disappointing H2 results, Joshua Schulman presented ‘Burberry Forward’ — a detailed plan that ...
16h
on MSN
Burberry turns to ‘spirit of Britain’ in revival push
Burberry’s new chief executive has vowed to focus the brand on the “spirit of Britain” as he seeks to revive the ailing ...
18h
on MSN
Burberry launches urgent turnaround plan to save the brand
Burberry's CEO Joshua Schulman said the troubled British retailer will act "with urgency" to address woes fueled by ...
U.S. News & World Report
17h
Burberry Hopes 'Scarf Bars,' Puffer Jackets and Classic Styles Can Drive Turnaround
Burberry's turnaround plan sent its shares up as much as 20% on Thursday as investors welcomed new CEO
Joshua
Schulman
's ...
devdiscourse
12h
Burberry's Bold Return to Classic Luxury
Burberry is rejuvenating its brand by emphasizing classic outerwear over leather goods, with innovations like 'scarf bars' in ...
14h
Burberry’s turnaround plan: what to make of shares jumping 22% despite losses?
Read what analysts think of Burberry's turnaround plan that involves cost cutting of 40 million pounds and focussing on core ...
Wall Street Journal
15h
Heard on the Street: Burberry Reaches for Its Coat
A rumored takeover would be a better result for investors. Shares in the British trench-coat maker surged Thursday after new ...
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