While the layoffs are a major move for Burberry, it’s not the first of its recent cost-saving initiatives. In November of 2024, it announced a $53.2M (£40m) cost-savings program.

Burberry shares surged 18% on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance.

Burberry is aiming to slash 18% of its global workforce by 2027 as it looks for ways to cut costs and revive its ailing business. The British luxury fashion house said Wednesday that around 1,700 ...

This is an edition of the newsletter Show Notes, in which Samuel Hine reports from the front row of the global fashion week circuit. Sign up here to get it in your inbox. “Burberry is our brand ...

Shares in Burberry rose as much as 8% on Monday after website Miss Tweed reported that Italy's Moncler was considering a bid for the London-listed luxury group to create an outdoor clothing ...

PETA and other animal rights organizations had long hounded Burberry, like many luxury fashion brands, for its use of fur. The fur ban starts with the first collection of Riccardo Tisci, who led ...