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1Vote!

Holiday pain expected for luxury business

Miami Herald (Free subscription) | 11/18/2008

The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat forecasts.

1Vote!

Burberry 1H net rises, shares fall on outlook

Miami Herald (Free subscription) | 11/18/2008

British luxury goods company Burberry Group PLC on Tuesday reported a 13 percent rise in first half net profit, but its shares dropped as it said second-half business was proving more difficult, particularly in the United States.

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UK: Burberry H1 profit up 3%, warns of difficult H2

Just Style (Free subscription) | 11/18/2008

Profit at Burberry Group Plc has crept up by 3% in the first six months of its current financial year, helped by revenue growth in both its retail and wholesale channels - but the British luxury goods brand warned that trading has become more difficult since start of its second half.

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UK: Burberry sets up Middle East joint venture

Just Style (Free subscription) | 11/18/2008

British luxury goods firm Burberry Group Plc is eyeing growth in the Middle East through a new joint venture company set up to manage its retail and wholesale distribution in Dubai and Abu Dhabi, as well as Qatar, Oman and Kuwait.

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Burberry 1H net rises, shares fall on outlook

San Fransisco Chronicle (Free subscription) | 11/18/2008

British luxury goods company Burberry Group PLC on Tuesday reported a 13 percent rise in first half net profit, but its shares plummeted as it added that second-half business was proving more difficult, particularly in the United States. Burberry, known for...

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