Burberry Share Discussion Threads

[philanderer] 01/8/2016 09:50

'Burberry puts more emphasis on the Chinese market as it buys up the remaining stake in its retail operation there'

[darias] 31/7/2016 14:13

Majority view.

[mrchriss] 29/7/2016 19:22

Then why reinvest?

[darias] 29/7/2016 09:15

Reinvested Thursday but I hold no great hope for the company. They do seem to have lost their way lately.

[philanderer] 26/7/2016 17:19

This morning, the upcoming SS17 London Fashion Week schedule appeared in inboxes across the fashion industry. But with the business going through so many wide-ranging changes, what can we expect from the London shows?

[philanderer] 26/7/2016 00:04

Read across on valuation...


Luxury goods giant LVMH (Moet Hennessy Louis Vuitton) has agreed to sell the company behind the Donna Karan and DKNY fashion brands to US clothing firm G-III Apparel for £495million.

Founder Donna Karan, who sold the brand to LVMH in 2001, stepped down as chief designer last year and a new design team was put in place.

G-III owns luxury swimwear brand Vilebriquin and holds the licences to make clothes for Ivanka Trump, Calvin Klein and Tommy Hilfiger.

The company’s chief executive Morris Goldfarb said: “Donna Karan International is an iconic global fashion company. It brings increased scale and diversification.”

[philanderer] 21/7/2016 10:33

Going nicely against the market today, can`t find a specific reason apart from the buy back news yesterday.

[philanderer] 20/7/2016 12:02

RNS:

Burberry Group plc ("Burberry" or the "Company") today announces that it will commence an initial share repurchase programme of the Company's ordinary shares of 0.05p each (the "Ordinary Shares") up to a maximum consideration of £100m (the "Programme").

Burberry has entered into a non-discretionary instruction with Morgan Stanley & Co. International Plc ("Morgan Stanley") in relation to the purchase by Morgan Stanley, acting as principal during the period commencing on 20 July 2016 and ending no later than 18 April 2017

[philanderer] 19/7/2016 09:38

19th july Credit Suisse underperform tp 1150p up from 1000p

[philanderer] 14/7/2016 16:29

'Burberry puts new Leeds factory on pause'

Luxury fashion brand says post-EU vote chaos has caused it to re-examine timing and investment in new £50m facility

[philanderer] 14/7/2016 12:23

UBS reiterates 'buy' on Burberry but cuts target price

[philanderer] 14/7/2016 09:27

Investors Chronicle

IC TIP UPDATES:

Luxury retailer Burberry (BRBY) has issued a first quarter trading update just a matter of hours after it revealed chief executive and creative head Christopher Bailey would step aside to make way for Marco Gobbetti next year. Mr Bailey has served in both roles since Angela Ahrendts left the business two years ago.

However, first quarter retail sales of £423m were flat at constant currency, with all three operating regions experiencing a low single digit percentage decline. The market seems optimistic though about fresh blood at the top - the share rose more than 3.5 per cent in early trading. We remain buyers.

[gymratt] 13/7/2016 22:11

Nice 'bowl' forming...

[philanderer] 13/7/2016 20:56

Market report...

luxury fashion house Burberry was catapulted to the top of the blue chip index, up 76p to a three month high of £12.79, after its first quarter results came in ahead of analysts forecasts. Total retail revenue was flat at £423m while store sales dipped by 3pc, compared with expectations of a 5pc fall. Earlier this week, the FTSE 100 company appointed a new chief executive, Marco Gobbetti of Céline, and announced that current chief executive Christopher Bailey would stay on as President and chief creative officer.

Tom Gadsby, of Liberum, said: “We believe that forecasts are likely to come under threat when the new management team takes over in the new year. We would not be surprised to see expectations lowered following a strategic renew.”

[philanderer] 13/7/2016 12:10

Plenty of comment on Alphaville...

[philanderer] 13/7/2016 09:09

Market likes that trading update :-)

[philanderer] 12/7/2016 14:48

Blackrock adding 500k

[philanderer] 12/7/2016 13:33

Burberry Shares Still Cheap Despite New CEO Boost

[philanderer] 11/7/2016 23:44

'Burberry investors question boardroom shake-up'


Though pleased that designer Mr Bailey will hand control of the FTSE 100 retailer’s financial future to Marco Gobbetti, shareholders questioned the incumbent’s new title of president in addition to his existing role of chief creative officer.

One top five investor said the decision to hand Mr Bailey the role “looked very odd” and said they would press Burberry’s board for further clarity about how Mr Gobbetti and Mr Bailey’s responsibilities would be split. Both men will report to chairman Sir John Peace and, as such, Mr Bailey will be Mr Gobbetti’s equal.

One company source said: “Christopher will still be setting the strategy and vision of the company alongside Marco.” Richard Marwood, fund manager at Royal London Asset Management, which holds a stake in Burberry, said he has questions “because we don’t really know what the role of president will mean”.

Shareholders also queried the notion of effectively paying for two chief executives.

Mr Bailey, who holds on to his current remuneration package, saw a 75pc reduction in his annual compensation last year as a result of a fall in profits. He took home just over £1.89m, compared to £7.51m the year before.

Mr Gobbetti will be entitled to the same pay package as Mr Bailey, which includes a £1.1m base salary, an annual £80,000 travel, car and clothing allowance in cash, a bonus of up to 200pc of salary, a share award of up to 325pc of his salary and a 30pc pension contribution.

The result is a £6.98m potential pay pot. He will also be awarded shares worth as much as £4.25m to compensate for those he will forfeit by leaving Celine. These will pay out between 2017 and 2020.

[philanderer] 11/7/2016 23:27

Telegraph market report:

Luxury fashion house Burberry was also among the biggest risers, up 49p to £12.11, after it named Marco Gobbetti as chief executive. The FTSE 100 company said Mr Gobbetti will join next year from French luxury brand Céline, where he is currently chairman and chief executive.

He will succeed Christopher Bailey, who will stay on as president and chief creative officer. Helen Brand, of UBS, said the new appointments are a “positive”, as there will be a “good balance of luxury expertise combined with operational focus”.

[tongosti] 11/7/2016 15:13

Jumped in today. Bought not necessarily because of the latest CEO news but because BRBY has been acting right over the last 4 weeks. Price has been increasingly heavier volume which tells me more and more buyers are coming next in. Stop loss at £10.2 so let's see how this one will go!

[philanderer] 11/7/2016 14:02

At last !

Proper management changes . I`ve added a few more

Fashion chain Burberry have just announced a new chief executive.

It’s Marco Gobbetti, currently CEO of fashion chain Céline.

This means that Christopher Bailey, Burberry’s creative mastermind, is moving to become president, after two years as CEO. He’ll be chief creative officer too - but effectively he’s losing day-to-day control of the company

It’s not a great surprise; City investors were concerned that Bailey couldn’t do both jobs, especially as trading has deteriorated in recent months.

Burberry shares have jumped 6%...