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May 14, 2021
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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. Gen Z, lower-tier cities driving luxury growth in China
  2. Burberry, Prada, Lyst, Rosewood and Alibaba
  3. Audi drops clever, concise ads to showcase offerings
  4. Burberry’s comparable store sales grow 32pc in Q4 2021
  5. McLaren, Richard Mille emphasize speed, performance in new launch
  6. Luxury brands and China: An increasingly risky dependency
  7. Prada announces new inclusion initiatives to support students of color
  8. FT Business of Luxury 2021 conference May 19-20 to navigate luxury’s new normal
  9. Bulgari taps Grammy-winning DJ for special edition watch
  10. Subscribe now: Full access to 90,000+ articles, reports, videos and images
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