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Aug. 5, 2020
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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. Video commerce offers brands new channels to sell to consumers
  2. A reckoning is coming for retail: Get ready
  3. Chanel pushes historical connection to dance in Inside Chanel episode
  4. Luxury consumers seek meaningful jewelry purchases: PGI
  5. LVMH, Kering and the new luxury strategy post-COVID-19
  6. Burberry offers a look at how companies can navigate difficult times
  7. Day’s wrap: Ralph Lauren, platinum buyers, Bloomingdale’s and Ferretti Group
  8. Day’s wrap: Capri Holdings, Chaumet, Hennessy, La Perla and luxury real estate
  9. Ralph Lauren, platinum buyers, Bloomingdale’s and Ferretti Group
  10. How will changes to the animal testing policy in China influence its beauty landscape?
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