The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — British luxury brand Burberry plans to move around 300 jobs from London to a new office in Leeds, northern England, to consolidate its back-office operations and cut costs.
The company said on Thursday the new office would open in October and help to cut costs because it would be able to reduce office space in London.
The company will keep its headquarters in London.
The move comes a fortnight after the fashion house, led by designer Christopher Bailey, posted a slowdown in quarterly sales growth.
By Rahul B; editor: Mark Potter.
The world’s biggest luxury conglomerate is counting on China’s reopening to boost sales after quarterly growth slowed to a single-digit rate for the first time since 2020.
This week LVMH will report results, and executives may offer clues about its megabrands’ next steps under new leadership. That plus what else to watch for this week.
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