Burberry Group Plc Sponsored ADR (BURBY)
No bonuses for Burberry boss as luxury demand falls off
Burberry Group PLC (LSE:BRBY) chief executive Jonathan Akeroyd received zero annual bonuses last year due to a poor performance at the British luxury clothing brand. An annual remuneration report published late on Thursday stated: “The Committee judged that progress was made on refining our brand image, evolving our product and strengthening distribution, resulting in some of the strategic objectives being partially met.
Burberry to bluster in year ahead, cost cutting won't cut the mustard
Burberry Group PLC (LSE:BRBY) is set to see the weak trends seen at the end of its 2024 financial year continue into 2025, reckon Deutsche Bank analysts. “With limited evidence in the financials of any improvement in sales or gross margin, we have to turn to the operating cost management lever as the main highlight,” they stated.
