Burberry Group Plc ADR(BURBY)- OTCPK - Current
  • 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
  • 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
  • Mon, Mar. 7, 3:28 PM
    • Burberry (OTCPK:BURBY) is looking to protect itself from a hostile takeover, sources tell Financial Times. The company has tasked Morgan Stanley and Robey Warshaw in helping it play defense.
    • An undisclosed investor has reportedly built up a stake of around 5% in the British fashion brand.
    • Shares of Burberry ADRs are up 9%. The stock closed lower in London trading earlier before the report broke.
    | Mon, Mar. 7, 3:28 PM
  • Oct. 15, 2015, 6:20 PM
    • Burberry (OTCPK:BURBY -7.5%) has named Wal-Mart Asia veteran Fumbi Chima as its new chief information officer, and charged with her with a number of initiatives including the upgrade of its platform with SAP.
    • The company had rearranged its IT infrastructure this summer, combining inventory data for online and physical sales in China. But China's volatility has also been the source of Burberry woes as it affects high-end fashion buying.
    • Shares tumbled 10.2% in London today as Burberry noted a slowdown in same-store sales to 1% in the first half, down from a year-ago 10%. The blame fell on lower spending in Hong Kong and mainland China, as well as a strong pound cutting tourist spending in the UK.
    • Previously: China devaluation hits select consumer goods and services stocks (Aug. 11 2015)
    | Oct. 15, 2015, 6:20 PM
  • Aug. 11, 2015, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Aug. 11, 2015, 10:00 AM | 2 Comments
  • Jan. 9, 2015, 11:04 AM
    • Another tough day for luxury retail stocks as more concerns on pricing trends build up.
    • Consulting firm Bain isn't helping sentiment, noting the luxury sector in China showed negative growth (-1%) for the first time in 2014. An ongoing crackdown by Beijing on corruption is in the background.
    • Michael Kors (KORS -1.7%), Ralph Lauren (RL -2%), Kate Spade (KATE -3.2%), Fossil (FOSL -1%), Vera Bradley (VRA -2%), and Coach (COH -2.2%) are all under-performing market averages.
    • Related stocks: OTCPK:LVMUY, OTC:GUCG, OTCPK:SWGAY, OTCPK:BURBY, EL, RDEN, OTCPK:HESAF, OTCPK:CFRUY, TIF.
    • Related ETFs: PEJ.
    | Jan. 9, 2015, 11:04 AM | 1 Comment
  • Oct. 11, 2012, 5:40 AM

    Burberry (BURBY.PK) spikes 8.2% in London after the company confirms falling demand for luxury goods in Asia, particularly China, but reports comparable-sales growth of 1% in Q2. While that's well down from 16% last year, it's above Burberry's previous guidance. Last month, a profit warning sent its shares tumbling over 20% and hit its U.S. peers. On watch today are COH, RL, WRC, KORS and TIF. (PR)

    | Oct. 11, 2012, 5:40 AM
  • Sep. 11, 2012, 1:28 PM

    Europe-based analysts see the selloff in Burberry (BURBY.PK -19.0%) as a bit overdone in relation to the actual profit warning issued by the luxury-goods maker. To back their case, they note that a number of other European high-end sellers have been positive in the last weeks including LVMH (MAGOF.PK 0.0%) which backed its H2 forecast. If they're on to something, luxury names on this side of the pond may have sold off a bit harshly off of Burberry-centric news: COH -1.9%, RL -2.9%, WRC -0.7%, KORS -1.9%, TIF -1.3%.

    | Sep. 11, 2012, 1:28 PM
  • Sep. 11, 2012, 8:49 AM

    The double whammy of a downgrade on Coach and a biting profit warning from British luxury player Burberry (BURBY.PK)  is cutting a wide swath of selling in the sector. Though some of Burberry's struggles are pegged as "self-afflicted," the company's weakening sales in Europe and China has to be considered alarming for high-end sellers. Premarket: COH -3.4%, RL -2.7%, WRC -0.7%, KORS -1.2%,, TIF -2.5%.

    | Sep. 11, 2012, 8:49 AM
Company Description
Burberry is a global luxury brand with a distinctive British heritage, core outerwear and large leather goods base and some of the most recognised icons in the world. Burberry designs and sources apparel and accessories, selling through a diversified network of retail (including digital),... More
Industry: Apparel Stores
Country: United Kingdom