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Apparel and accessories

Burberry, even with China and South Korea bright spots, to axe 500 jobs globally as Q1 sales slump 45pc

July 15, 2020

Burberry is turning its focus increasingly on higher-profit leather goods as the U.K. label comes to grips with the COVID-19 fallout. Image credit: Burberry Burberry is turning its focus increasingly on higher-profit leather goods as the U.K. label comes to grips with the COVID-19 fallout. Image credit: Burberry

 

By Luxury Daily News Service

U.K. fashion label Burberry will cut 500 jobs as it begins a climb back to normality after the COVID-19 retail lockdowns took their toll on global revenue.

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  1. Burberry unveils collection inspired by Queen Elizabeth II
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  5. Chanel makes ambassadorship with model Bhavitha Mandava official
  6. Luxury on trial: What will stand up in 2026
  7. Lexus to stage installation at Milan Design Week
  8. Subscribe now: Full access to 90,000+ articles, reports, videos and images
  9. Men spend more on luxury, but shop the same amount as women: report
  10. In conversation with Hong Kong property and hotel mogul Adrian Cheng
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