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.
Brands from Valentino to Prada and start-ups like Pulco Studios are vying to cash in on the racket sport’s aspirational aesthetic and affluent fanbase.
The fashion giant has been working with advisers to study possibilities for the Marc Jacobs brand after being approached by suitors.
A runway show at corporate headquarters underscored how the brand’s nearly decade-long quest to elevate its image — and prices — is finally paying off.
Mining company Anglo American is considering offloading its storied diamond unit. It won’t be an easy sell.