Luxury British fashion retailer Burberry, famous for its trench coats and signature check pattern, was founded by 21-year-old Thomas Burberry in 1856. Retail Week provides news, analysis, features and opinion about Burberyy and the fashion and luxury sectors.
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Burberry has narrowed its half-year losses, despite reporting a dip in sales, as its turnaround strategy begins to take effect.
Burberry has seen sales improve and reports more people are coveting the brand, but says it’s still in the early stages of its transformation.
The boss of Burberry, Joshua Schulman, is reported to have received £2.6m in the first nine months in his role, despite the group announcing job cuts.
Burberry has reported that its “intervention to reset the brand” has resulted in a sales improvement in the second half.
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