Saturday 19 September 2020

Apple bets on Burberry chief to burnish retail shine

Burberry CEO Angela Ahrendts rebuilt the British luxury brand after excessive exposure of its trademark checkered pattern alienated wealthy clientele. Her approach was to embrace digital innovation, build a strong online business, and tap Chines


Demand boost for luxury brands

Strong demand for luxury brands from developing markets drove a 33 per cent rise in fourth quarter sales at Burberry, sending the British group's already buoyant shares to a new high. Burberry's better-than-expected sales figures came a da


Saudi Alhokair plans JV with British retailer

Saudi-based retailer Fawaz Abdulaziz Alhokair Company said it had agreed to set up a joint venture with Burberry to market and sell the British luxury good group's products. As per the deal, Alhokair will hold a 40 per cent stake in t


Burberry, Jashanmal form new JV

Burberry Group, a global luxury company, has formed a joint venture covering parts of the Middle East with its longstanding franchisee, The Jashanmal Group. The joint venture has created a new company, Burberry Middle East, headquartered

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