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April 19, 2024
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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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