Published 8 days ago • loading... • Updated 8 days ago
Burberry’s high-fashion bet faltered. Now it’s back to trench coats and check
Profit improved as adjusted operating profit rose to £160 million and gross margin climbed 5.3%, while Schulman said the turnaround strategy is working.
After pushing too far upmarket, Burberry is returning to classic trench coats, scarves and its famous check pattern – a more accessible strategy that looks a lot like Coach’s playbook.