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Burberry full-year profits have risen but it expects foreign exchange movements to hit next year\'s profits

Burberry full-year profits rise but profit guidance for next year lowered

Burberry has posted a rise in underlying pre-tax profits but has lowered its profit guidance for next year due to foreign exchange movements.

Alibaba faces legal action over counterfeit goods

Alibaba sued by luxury goods manufacturer Kering over counterfeit products

Alibaba is being sued by luxury goods manufacturer Kering for allegedly encouraging the sale of counterfeit goods on its marketplace website.

Browns has been bought by Farfetch

Farfetch buys London boutique Browns for retail tech incubator project

Online retailer Farfetch has bought London fashion boutique Browns in order to operate it as an incubator for retail technology.

Harrods has launched a floral takeover of its store to celebrate the arrival of summer

Harrods launches scent-emitting bus stop as part of floral store takeover

Harrods has launched a scent-emitting bus stop to draw customers’ attention to a floral takeover of its store that celebrates summer.

Breakfast Briefing

Breakfast Briefing: Retail news on Tesco, Jaeger and House of Fraser

Retail news round-up on May 6, 2015: Two more non-exec directors to leave Tesco; Jaeger ex-owner criticises new management; House of Fraser stocks sports hijabs.

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