Luxury: Shunned in Asia, Burberry sales fall 20% in Q1

Burberry will not be paying a dividend this quarter. The luxury brand, down by 20%, is struggling in all regions. 400 jobs are lost alongside a new C.E.O.

Through Morgane Monteiro, Sophie Baqué. Published on 19 July 2024 à 11h42 - Update on 19 July 2024 à 11h45

On July 15, Burberry (sales of US$3.75 billion for the financial year to the end of March 2024, stable) announced sales of US$579 million for the 3 months to the end of June, down 20% at constant exchange rates. Sales fell in all regions (EMEA by 16%,…

Morgane Monteiro, Sophie Baqué