Burberry has been removed from UBS"s sell list, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has no involvement in the analysis"s preparation and maintains a strict conflict of interest management policy. The information provided is for informational purposes only and does not constitute a contractual obligation.
European markets are poised to open lower as investors digest U.S. Federal Reserve Chair Jerome Powell's hawkish remarks and await new U.K. GDP data, which showed a 0.1% growth in Q3, below expectations. The U.K. inflation rate fell to 1.7%, enabling a recent interest rate cut by the Bank of England. Meanwhile, Labour's Finance Minister announced reforms aimed at stimulating growth, with warnings of potential tax increases if progress is not made.
Burberry Group Plc, under the leadership of Joshua Schulman, aims to transform into a brand that embodies the strengths of both Moncler and Ralph Lauren. After seven years of strategic shifts under two CEOs, the company is poised to leverage the success of these luxury giants to enhance its market position.
Burberry Group plc has been upgraded to Neutral by UBS. The company focuses on high-quality clothing and accessories, with net sales primarily from retail distribution (80.8%) through 455 stores, followed by wholesale (17.1%) and licensed sales (2.1%). Geographically, sales are led by Asia/Pacific (44.3%), followed by Europe/Middle East/India/Africa (35%) and America (20.7%).
U.S. markets declined as Fed Chair Jerome Powell indicated no rush to cut interest rates, dampening post-election enthusiasm. The S&P 500, Dow, and Nasdaq are all set to end the week lower, while Disney's shares surged after strong earnings. Meanwhile, Michael Burry is increasing bets on Chinese internet companies amid ongoing inflation concerns.
Burberry has announced a major strategic overhaul, "Burberry Forward," aimed at revitalizing the brand by refocusing on heritage designs and core products like coats and scarves. Following the announcement, shares surged over 22%, marking the largest intraday gain in the company's history. New CEO Joshua Schulman emphasized the need to reconnect with the brand's original purpose and improve performance amid a challenging luxury market.
Burberry's newly appointed CEO, Joshua Schulman, is implementing a strategy to revitalize the brand following a 20% sales decline. The plan focuses on enhancing the outerwear division, boosting store and online productivity, and adjusting pricing to achieve annual sales of £3 billion ($3.8 billion) in the future.
Moncler SpA, renowned for its padded coats, is reportedly considering a bid for Burberry Group Plc, the British luxury brand known for its iconic check pattern. As winter approaches in Europe, this potential acquisition could provide warmth for Burberry investors.
Moncler is reportedly considering a bid for Burberry, which has seen a significant decline in value over the past year. UBS has reiterated its Sell opinion on Burberry, maintaining a target price of 410 pence, citing ongoing restructuring and a lack of clear strategy as reasons for the recommendation.
Moncler is reportedly considering a bid for Burberry, which has seen a significant decline in value over the past year. UBS has reiterated its Sell rating on Burberry, maintaining a target price of 410 pence, citing ongoing restructuring and a lack of clear strategy as reasons for the recommendation.
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