Taken in hand since last summer by its new CEO, Joshua Schulman, who has spurred a refocusing on its phrase products, the iconic British House slowed the fall in sales in the third quarter.
Burberry, the British king of raincoats, is beginning to see the sun behind the clouds.
Without announcing record results like the Swiss group Richemont recently did, the iconic British fashion house is nonetheless giving the luxury world another reason to rejoice.
Sales decline slowed to 7%.
Whereas in the first half of 2024-25 (to the end of September), Burberry had announced a 22% drop in sales and a net loss of 74 million pounds, the decline in sales slowed dramatically to just -7% to 659 million pounds (780 million euros) during the third quarter, ended at the end of December.
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Read also > Burberry’s new CEO wants to put the company back on track
Featured Photo: © Burberry
