Burberry is set to take cost-cutting measures, which it says ‘could impact around 1700 jobs globally’ between now and 2027.
This comes as the business revealed its preliminary results, stating that its revenues fell to £2.5bn for the 12 months to March 29th, ’25, which is 17 per cent down on the previous year, whilst generating a loss of £3m as compared with the profit of £418m last year.
CEO Joshua Schulman said, “After a challenging first half, we have moved at pace to implement Burberry Forward, our strategic plan to reignite brand desire, improve our performance and drive long-term value creation.
“Our customers are responding to our Timeless British Luxury brand expression. With improvement in brand sentiment, we will be ramping up the frequency and reach of our campaigns as our Autumn and Winter collections arrive in Store.”
Share