Over the past five years, China's contribution to the global luxury market has remained stable at 20 percent to 25 percent, ...

Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury sector pressured by weak Chinese demand. Burberry reported a net loss of ...

For the better part of this year, China has experienced a slump in the most opulent of sectors. Sales for luxury powerhouses ...

Burberry has launched a £40 million cost-cutting programme as part of a plan to turn the company around, after sales continued falling in the second quarter. Chief executive Joshua Schulman, who ...

Burberry, the upmarket British fashion label, destroyed unsold clothes, accessories and perfume worth £28.6m last year to protect its brand. It takes the total value of goods it has destroyed ...

Colombia's majority state-owned oil producer Ecopetrol on Wednesday reported that its third-quarter net profit fell 28% to ...

Burberry's classic check print was showcased at the London Fashion Week Spring/Summer 18 show. When Christopher Bailey arrived at Burberry back in 2001, he joined a brand that had mass appeal ...

Luxury brands face uncertainty in China as the threat of higher tariffs and rising nationalist sentiments challenge revival ...

- European equities are up, yields flat and seeing a firmer US dollar as sentiment unchanged from yesterday, with higher ...

British fashion house Burberry, in its fourth consecutive year of participating in the China International Import Expo (CIIE), said that China remains one of its most significant markets globally ...