 Showing 1626 to 1647 of 2550 messages
Date | Subject | Author | Discuss |
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31/10/2017 10:01:27 | Ah , got it , RNS...
"Burberry today announces that Christopher Bailey will leave the Company at the end of 2018." |  philanderer | |
31/10/2017 09:50:52 | Can't have been this , out at 7am this morning...
31st oct JP Morgan Caz neutral tp 1800p up from 1620p |  philanderer | |
31/10/2017 09:48:31 | WTF happened then ??? |  philanderer | |
24/10/2017 20:52:54 | 'Gucci sales star at luxury firm Kering'
Kering, owner of luxury fashion labels Gucci and Yves Saint Laurent, expects a "record" year, amid strong sales growth, especially in China and western Europe. |  philanderer | |
18/10/2017 12:36:41 | Burberry are having a fashion baby. Sort of. As of this morning, they’ve launched their very first collaboration with e-tailers Net-a-Porter, creating a very special (and very exclusive) capsule collection that takes direct inspiration from their September 2017 collection |  philanderer | |
16/10/2017 20:39:45 | Burberry “one of the most exciting restructuring stories in the luxury goods sector”
14:34 16 Oct 2017
Berenberg expects new CEO, Marco Gobetti, to address Burberry's greatest problem: the US market
German finance house Berenberg is expecting high fashion firm Burberry Group PLC (LON:BRBY) to pull it out of the bag in its November trading update.
It will cover the July to September quarter, and as such will be the first reporting period under the direction of the company's new chief executive officer, Marco Gobbetti, who moved into the hot seat on 5 July.
Berenberg reckons Gobettii will unveil like-for-like year-on-year revenue growth of 3% in the second quarter of the fiscal year, despite the still difficult environment in some of its key markets.
The bank is predicting stable sales development on the wholesale side; allied with the ongoing transition in the licensing business, this leads Berenberg to forecast group revenue of £1.25bn, up 2% on an underlying basis.
Owing to roughly £12mln of foreign exchange related gains, it forecasts adjusted profit before tax will clock in at £174mln.
“The company has built its new strategy around increased productivity of retail stores with a focus on products to drive sales growth and a cost-savings plan of at least £100mln by FY 2019, which we expect to remain intact. Nevertheless, we believe that the new CEO is likely to address Burberry’s biggest problem, the US market, which on our estimates could imply near-term c10% downside to forecasts,” Berenberg said.
The German bank rates the shares a 'buy' and has a price target of 2,000p.
It sees Burberry as “one of the most exciting restructuring stories in the luxury goods sector”.
Due to its strong brand and low penetration in the leather goods category it sees more scope for revenue growth.
“The structural change in its cost structure implemented by the new CFO with at least £100m in annualised cost savings by FY 2019 provides an opportunity to address its historically low profitability versus peers. In addition, the increased willingness to return cash to shareholders and multiple management changes demonstrate the deep-rooted transformation the business in currently undergoing,” it concluded.
Proactiveinvestors.co.uk |  philanderer | |
16/10/2017 10:50:09 | Burberry's Spring/Summer 2018 Collection Hits the Streets of Milan |  philanderer | |
16/10/2017 09:37:29 | 16th oct Berenberg buy tp 2000p up from 1900p
16th oct Goldmans neutral tp 1871p up from 1700p |  philanderer | |
15/10/2017 09:47:34 | Burberry taps Apple for AR fashion app effort |  philanderer | |
12/10/2017 20:32:31 | 'Zhou Dongyu, the new face of Burberry'
Chinese actress Zhou Dongyu has become Burberry's newest ambassador.
The news was revealed earlier today on Burberry's Sina Weibo, WeChat and Twitter platforms, with a series of images of Zhou Dongyu wearing the brand's September collection captured last month in London.
"Zhou Dongyu is a hugely talented actress. She loves fashion and this shines through not only in her personal style, but her character too. I’m delighted that she will be part of Burberry,” said Christopher Bailey, President and Chief Creative Officer, Burberry
"Burberry is such a great British brand and I am so thrilled to officially become a part of the family,'' Zhou Dongyu, said. |  philanderer | |
12/10/2017 13:27:58 | Burberry rallies as Mirabaud ups rating, Deutsche bumps up price target
(ShareCast News)
- Luxury retailer Burberry racked up healthy gains on Thursday following a rating upgrade from Mirabaud Securities and as Deutsche Bank lifted its price target on the stock.
Mirabaud upped the stock to 'buy' from 'hold', saying it expects sales growth to come through more forcefully in FY18/19, generating significant margin uplift. It noted that Burberry's performance over the past few years has been poor, with weak sales growth and steadily declining underlying profitability, most likely due to residual legacy issues and a lack of strategic focus.
"With the former largely resolved, and strategic mistakes in the process of being rectified, we see light at the end of the tunnel. Indeed, we expect the group to emerge from this process with a clean structure and a platform that is finally fit for sustaining long-term growth.
"Overlaying this, we believe that new management will succeed in expanding the brand's customer base thanks to more aggressively designed collections, and a strengthened leather goods offer."
Mirabaud said Burberry's recent runway show, which has brought back the iconic check pattern to the forefront of its collections, will kickstart improved brand heat, helping the group to attract a younger, broader clientele.
Meanwhile, Deutsche Bank bumped up its price target on the hold-rated stock to 1,800p from 1,775p as it upgraded its earnings per share estimates on the back of recent sterling weakness. |  philanderer | |
12/10/2017 09:35:48 | 12th oct Deutsche hold tp 1800p up from 1775p 12th oct Berenberg buy tp 1900p |  philanderer | |
10/10/2017 18:27:17 | European luxury stocks stoked by LVMH results |  philanderer | |
06/10/2017 14:09:51 | 'The smell of success? Coty and Burberry licensing deal' |  philanderer | |
05/10/2017 09:53:44 | 5th oct Barclays overweight tp 1900p
reiterates |  philanderer | |
03/10/2017 18:24:13 | 'Coty Commences Partnership With Burberry'
3rd October 2017
International beauty giant Coty announced yesterday that it has completed the acquisition of the global license rights for Burberry Beauty fragrances, cosmetics and skincare.
The two firms announced the agreement back in May with Coty paying £130m for the licence lasting at least ten years.
The deal sees Coty take overall responsibility for the strategic direction of Burberry’s portfolio development, leveraging its capabilities in beauty strategy, innovation, supply chain and go-to-market. Meanwhile, Burberry will continue to lead on the creative elements of the business.
Burberry beauty products will be sold in luxury beauty retailers globally as well as in Burberry stores and digital channels. |  philanderer | |
03/10/2017 09:14:54 | 3rd oct RBC underperform tp 1600p up from 1550p |  philanderer | |
02/10/2017 17:43:20 | 2nd oct HSBC reduce tp 1680p up from 1580p |  philanderer | |
27/9/2017 14:40:32 | Deutsche reiterates HOLD...target 1775p up from 1650p |  philanderer | |
20/9/2017 14:03:55 | Morgan Stanley 'equal weight'. Tp 1748p. up from 1495p |  philanderer | |
19/9/2017 10:12:53 | looks like we're testing £18 again. |  lightningbolt | |
14/9/2017 08:54:31 | I wonder if that belgian guy will add to his stake, burberry are doing a good job supporting the price at this level, regular buys still going through. |  lightningbolt | |
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