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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.
Capri Holdings Limited is a holding company that owns luxury brands Versace, Jimmy Choo, and Michael Kors, specializing in accessories, footwear, and ready-to-wear apparel. The company operates through three segments: Versace, which includes luxury fashion and e-commerce; Jimmy Choo, focusing on shoes and handbags; and Michael Kors, which sells products through various retail formats and online platforms. UBS has reiterated a neutral rating for the company.
Estée Lauder Companies Inc. is a leading global cosmetics group, offering a diverse range of products under various brands, including Estée Lauder, Clinique, and M-A-C. As of June 2021, net sales are primarily from skin care (58.4%), followed by make-up (25.9%) and perfumes (11.9%), with distribution across approximately 1,600 points of sale worldwide. Geographically, sales are split among America (23.4%), Europe/Middle East/Africa (42.8%), and Asia/Pacific (33.8%).
Estée Lauder Companies Inc. is a leading global cosmetics group, offering a diverse range of products under various brands, including Estée Lauder, Clinique, and M-A-C. As of June 2021, net sales are primarily from skin care (58.4%), followed by make-up (25.9%) and perfumes (11.9%), with distribution across approximately 1,600 points of sale worldwide. Geographically, sales are split among America (23.4%), Europe/Middle East/Africa (42.8%), and Asia/Pacific (33.8%).
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