Another Profit Warning From Mulberry; Shares Tumble Again

Mulberry Spring/Summer 2014 Campaign | Source: Mulberry

LONDON, United Kingdom — Mulberry Group Plc, the U.K. luxury bag maker that recently parted company with its chief executive officer, reined back profit estimates for the second time in less than three months and said a plan to boost sales with more affordable new products will weigh on earnings.

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Burberry Says Second-Half Sales Rise 13 Percent on Online Growth

444 Madison, Burberry Americas Headquarters | Source: Burberry

LONDON, United Kingdom — Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported second-half revenue in line with estimates as digital investments boosted growth, and warned currency moves may hurt profit in the current fiscal year.

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“10,000” Chinese Workers Join Strike at Factory Making Nike, Adidas, Reebok and New Balance

Source: Shutterstock

HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.

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