financetom
Business
financetom
/
Business
/
Burberry to test revival on London Fashion Week runway
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Burberry to test revival on London Fashion Week runway
Sep 17, 2025 9:37 PM

LONDON (Reuters) -Burberry's turnaround drive, which has tapped Oscar winner Olivia Colman and Oasis frontman Liam Gallagher to champion its British heritage and classic trench coats, faces a fresh test on Monday when it unveils its latest designs at London Fashion Week.

CEO Joshua Schulman, an American, has overhauled Burberry's marketing to try to broadcast a version of Britishness that shoppers around the world can relate to, having criticised his predecessor's product and pricing decisions, saying some designs had a "niche aesthetic" and were not recognisable as Burberry.

"It felt very high fashion and quite edgy, and the collections that you're seeing now are very classic, very clear heritage designs," said Anna Farmbrough, portfolio manager at Ninety One, which holds Burberry shares.

FIRST LADY ARRIVES IN BRITAIN WEARING BURBERRY

Creative director Daniel Lee's role has changed since Schulman took over in July last year, with the CEO linking design more closely to commercial teams, and speculation has swirled over how long Lee, appointed in September 2022, will remain in the role.

"Josh has normalised the relationship between a chief executive and a creative director," said Jeremy Smith, UK equities portfolio manager at Columbia Threadneedle in London.

"It's obviously important to Burberry who their creative director is, but it shouldn't define the business."

Burberry under Schulman has rolled out social media campaigns featuring celebrities strongly associated with Britishness, like Colman, who starred as Queen Elizabeth II in Netflix series The Crown, and riffing off cultural moments like the Glastonbury music festival.

The brand has also made its way to the biggest political stage - when Air Force One touched down in London on Tuesday night for U.S. President Donald Trump's state visit to the UK, Melania Trump exited the plane wearing a Burberry trench coat.

"Burberry's use of social media has been very, very clever and it's very powerful because it can change perceptions quite quickly and achieve quite broad penetration, whereas product positioning in the luxury world takes a long time to change the way people think," Smith said.

SALES EXPECTED TO RETURN TO GROWTH

Burberry's shares have gained 50% since Schulman took over as investors welcomed changes including a 20% cut to the workforce, but the real test of the turnaround comes in the autumn and winter months during which the brand makes most of its revenue.

While Burberry's like-for-like sales growth has been negative for the last seven quarters, the latest result was down just 1% year-on-year, and analysts expect sales to return to growth this quarter as the turnaround starts to bear fruit.

"You would hope that they would be able to get back to where they were historically, in terms of sales - and I think they have a very good chance, under Josh, of growing beyond that," said Ninety One's Farmbrough.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
World Rugby revives talks to raise funds for US expansion, sources say
World Rugby revives talks to raise funds for US expansion, sources say
Oct 5, 2024
* World Rugby revives talks to grow sport in U.S. * U.S. hosting 2031 and 2033 World Cups * WR says has engaged global financial services leader (This Oct. 4 story was updated on Oct. 5 to add comments from Jefferies in paragraph 11, MLR in paragraphs 19-20) By Amy-Jo Crowley and Mitch Phillips LONDON, Oct 4 (Reuters) - Rugby...
Rivian Cuts Full-Year Production Outlook Following Third-Quarter Miss Amid Supply Shortage
Rivian Cuts Full-Year Production Outlook Following Third-Quarter Miss Amid Supply Shortage
Oct 5, 2024
11:59 AM EDT, 10/04/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) on Friday reported third-quarter vehicle production and deliveries that missed analyst estimates amid a supply shortage, prompting the company to lower its full-year output guidance. The electric vehicle maker produced 13,157 vehicles in the quarter through Sept. 30, down from 16,304 a year earlier and lagging the consensus...
UAW workers at Stellantis vote in favor of strike authorization at LA parts center
UAW workers at Stellantis vote in favor of strike authorization at LA parts center
Oct 5, 2024
(Reuters) - The United Auto Workers union said on Friday that members at Stellantis' ( STLA ) Los Angeles parts distribution center voted in favor of authorizing a strike if the carmaker failed to settle grievances with the union over investments in the U.S. Stellantis ( STLA ) did not immediately respond to a request for comment. The vote is...
Foxconn third-quarter revenue jumps 20% yr/yr
Foxconn third-quarter revenue jumps 20% yr/yr
Oct 5, 2024
TAIPEI, Oct 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Apple's ( AAPL ) biggest iPhone assembler, reported on Saturday that its third-quarter revenue jumped 20.2% year on year. The result exceeded the company's original expectations of significant growth, Foxconn said in a statement. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved