Burberry Group Plc ADROTCPK - Current
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  • Mon, Oct. 24, 2:47 PM
    • Coach (COH +1.4%) is tracking higher again with the Betaville blog reporting that the company is working with Evercore on a $20B merger with Burberry (OTCPK:BURBY, OTCPK:BBRYF).
    • Shares of Burberry spiked higher Friday amid merger speculation, but settled back when other media publications discounted the story.
    | Mon, Oct. 24, 2:47 PM | 3 Comments
  • Fri, Oct. 21, 9:38 AM
    • Analysts are already weighing in on the impact of a merger between Coach (NYSE:COH) and Burberry (OTCPK:BURBY, OTCPK:BBRYF) -- even with the deal still only in the speculative stage.
    • "A merger of Coach and Burberry would primarily be a merger of problems," notes Exane BNP Paribas analyst Luca Solca.
    • "M&A history in luxury has shown that mergers don't obviously help in regaining brand traction and desirability, while cost efficiency in the face of declining brand momentum are often just a way to run in order to stand still," he adds.
    • Coach is believed to be working with Evercore on the Burberry deal.
    • Previously: Burberry and Coach higher amid merger speculation (Oct. 21)
    • Burberry is now up only 3.2% in London.
    | Fri, Oct. 21, 9:38 AM | 3 Comments
  • Fri, Oct. 21, 8:24 AM
    • Shares of Burberry (OTCPK:BURBY, OTCPK:BBRYF) are up 7.2% in London trading after rumors pop up on a potential merger with Coach (NYSE:COH).
    • Speculation on the consolidation of luxury retailers was posted on the Betaville website.
    • Coach is 3.76% higher to $37.26 in the premarket U.S. session.
    | Fri, Oct. 21, 8:24 AM
  • Tue, Oct. 18, 4:31 AM
    • Burberry's (OTCPK:BBRYF) Q2 comparable retail sales rose for the first time in four quarters, growing 2% and topping expectations for a 1% increase.
    • The luxury fashion retailer was helped by the slump in the pound following the U.K.'s Brexit vote in June, with sales jumping 30% in its home market.
    • In addition, Burberry expects an FY forex benefit of at least £125M vs a forecast of £90M at the end of June, just after the referendum.
    • However, underlying H2 sales fell 4% to £1.16B, hurt by a fall in wholesale and licensing revenues, as well as weak sales in Hong Kong and the U.S.
    • Shares are -6.85% in London. (PR)
    | Tue, Oct. 18, 4:31 AM
  • Wed, Jul. 20, 7:01 AM
    • Burberry (OTCPK:BURBY, OTCPK:BBRYF) announces it plans to buy back up to £100M ($130.99M) worth of shares.
    • The company says the purchases will be executed between today and April 18, 2017.
    • Shares of Burberry are flat on the day in London trading.
    | Wed, Jul. 20, 7:01 AM
  • Wed, Jul. 13, 2:20 PM
    • Burberry (OTCPK:BURBY, OTCPK:BBRYF) updated on sales and issued a warning on revenue potential due to broad weakness in key areas.
    • The company expects six-month revenue through September 30 to be down at a double-digit rate from last year after experiencing a flat FQ1 (ended June 30). Retail revenue was up 4% at constant currency for the quarter.
    • Comparable sales were down 3%.
    • F/X is working in the favor of the retailer, but demand from the Asia-Pacific continues to be disappointing.
    • Burberry ended higher in London trading and the U.S. ADRs are up today as well.
    • Burberry Q1 trading update
    | Wed, Jul. 13, 2:20 PM | 1 Comment
  • Wed, Jul. 13, 7:00 AM
    • Burberry Group Plc ADR (OTCPK:BURBY) reports retail comparable sales fell 3% in FQ1.
    • Retail revenue grew 4% on a constant currency basis to £423M, net new space contributed 3% of growth during the quarter.
    • Total licensing revenue for FY2017 is estimated to be down by £20M on a constant currency basis.
    • In FY2017, net new space is expected to contribute low single-digit percentage growth to total retail revenue.
    | Wed, Jul. 13, 7:00 AM
  • Mon, Jul. 11, 10:02 AM
    • Burberry (OTCPK:BURBY, OTCPK:BBRYF) announces that Marco Gobbetti will replace Christopher Bailey at the CEO position. Gobbetti will leave his post as head of the French luxury brand Celine.
    • The company also hired Julie Brown to take over the CFO role from Carol Fairweather. Brown was working as the CFO at Smith and Nephew.
    • The retailer has been under pressure this year, due largely to sales pressure in China. The recent Brexit vote is also seen as a new challenge. Burberry was up 6% in London trading at last check.
    | Mon, Jul. 11, 10:02 AM
  • Tue, Jul. 5, 2:43 PM
    • Full-price sales of luxury items have dropped sharply since the Brexit vote came in. Data-tracking firm Edited reports global luxury sell outs decreased 60% in the two weeks after the Brexit referendum, compared to the two-week period prior to the vote.
    • The sector was already having a challenging year due a drop in Chinese tourism before the shock U.K. result.
    • Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY).
    | Tue, Jul. 5, 2:43 PM | 12 Comments
  • Fri, Jun. 10, 7:54 AM
    • Burberry (OTCPK:BURBY) says COO John Smith will leave the company in the summer of next year to pursue other interests. Smith has been at Burberry for seven years.
    • Pressure has increased on senior management at the British fashion house with sales slumping in key regions.
    • Previously: Steep pay cut for Burberry CEO (June 6)
    | Fri, Jun. 10, 7:54 AM
  • Mon, Jun. 6, 8:49 AM
    • Burberry (OTCPK:BURBY) CEO Christopher Bailey took a compensation cut of 75% for FY16 to £1.89M ($2.74M).
    • Bailey's steep reduction in pay is tied to the retailer's poor sales performance. Shares of Burberry are down 35% over the last 52 weeks.
    • Burberry annual report (.pdf)
    | Mon, Jun. 6, 8:49 AM
  • Wed, May 18, 9:04 AM
    • Burberry Group Plc ADR (OTCPK:BURBY) declares 37.0p/share annual dividend, 5.1% increase from prior dividend of 35.2p (payout ratio of 53%).
    • Payable Aug. 5; for shareholders of record July 8; ex-div July 6.
    | Wed, May 18, 9:04 AM
  • Wed, May 18, 8:09 AM
    • Shares of Burberry (OTCPK:BURBY) are lower after the company reported a drop in pretax profit of about 10% and lowered guidance for FY17.
    • Weak sales of luxury items from Asia to North America has hit the company along with some cost inflation.
    • Looking ahead, Burberry plans to make significant  changes to reduce expenses and complexity, including an elimination of about 20% of its products.
    • Burberry is down 5.34% in London trading at last check.
    • Previously: Burberry Group Plc ADR reports preliminary FY16 results (May 18)
    | Wed, May 18, 8:09 AM
  • Wed, May 18, 6:02 AM
    | Wed, May 18, 6:02 AM
  • Thu, Apr. 14, 8:42 AM
    • Burberry Group Plc ADR (OTCPK:BURBY): 2H16 Revenue of £1.41B (-0.7% Y/Y).
    • Comp sales declined 2% reflecting continued growth in mainland China, Korea and Japan; up 1% in excl. Hong Kong and Macau in H2.
    • FY17 Outlook: Retail: In FY17, net new space is expected to contribute low single-digit percentage growth to total retail revenue.
    • Wholesale: Burberry expects total wholesale revenue at constant exchange rates in the six months to 30 September 2016 to be down by around 10%.
    • Licensing: Total licensing revenue for FY 2017 is planned to be down by about £20M at constant exchange rates (FY 2016: £42m).
    | Thu, Apr. 14, 8:42 AM
  • Tue, Mar. 8, 3:41 AM
    • A mystery investor has built up a stake of close to 5% in Burberry, FT reports, prompting Britain's best-known luxury fashion brand to arm itself against a possible takeover bid by seeking help from its financial advisors.
    • A source close to the company said it had unsuccessfully attempted to reveal the client by asking HSBC, which is listed as the custodian for the position.
    • Burberry shares +5.8% in London.
    • Previously: Burberry playing defense against takeover bid (Mar. 07 2016)
    | Tue, Mar. 8, 3:41 AM