The quintessential luxury group has been in the spotlight for weeks, under speculations of being targeted by the luxury conglomerate PPR which already own the nine fashions gathered within the Gucci Group (Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Bedat & Co., Boucheron, Sergio Rossi and Stella McCartney)."There have been reports that PPR was close to an agreement with Steinhoff to sell Conforama," summed up for Business week Peter Farren, an analyst at Bryan Garnier. "That would fuel speculation on Burberry." PPR is in talks with "various" investors about the sale of its Conforama unit, including Steinhoff International Holdings Ltd., Africa's largest furniture maker, PPR said early this month. Conforama, France's second-largest furniture retailer has been valued by Sanford C. Bernstein analysts at about 1.3 billion euros ($1.72 billion).
After one week being the favorite gossip the City, shares in Burberry soared to a record on persistent rumors that a bidder is circling the luxury retailer. The British emporium saw its share price leap above ￡12 on Wednesday amid rumors of interest from Chinese investors. Burberry's share price has rocketed 96 per cent this year on the back of excellent sales growth but also on speculation that a number of global suitors are eyeing up the group.
As published in international trade media, the PPR have been mentioned as predators but PPR denied it is interested through an official statement last Friday: "Burberry is a very beautiful brand, but it does not match the selection criteria for our luxury portfolio..." made clear PPR spokeswoman Charlotte Judet. Burberry's shares closed down at ￡11.08 on Friday.
Overlooking Royal Albert Hall and the Royal College of Art, the Burberry Prorsum catwalk show is the first LFW show to be hosted at Kensington Gardens. The AW11 collection is set to be presented at 4pm. Burberry to reveal record profits: Burberry is expected to reveal a double-digit increase in revenue when it updates the market on third quarter trading on Tuesday. Analysts expect the London fashion house to post third quarter revenues, excluding Spanish operations, of ￡434m - up from ￡380m in the same period the previous year. As the wealthy regain the confidence to spend and customers in emerging markets develop a taste for luxury goods, Burberry has seen sales and profits spike over the past year. Many other luxury goods houses have seen similar increases.
For its new SS11 campaign, quintessentially British fashion label Burberry teamed up with photographic icon Mario. The campaign will reveal new cast member each month, which refers to the global monthly flow of new Burberry products over the full breadth of the brand's offering. Burberry strategy is translated across all of the brand's online, offline, and in store touch points. The images are shot on Brighton beach with British models Cara Delavigne and Jacob Young.
After one week being the favorite gossip the City, shares in Burberry soared to a record on persistent rumors that a bidder is circling the luxury retailer. The British emporium saw its share price leap above ￡12 on Wednesday amid rumors of interest from Chinese investors. Burberry's share price has rocketed 96 per cent this year on the back of excellent sales growth but also on speculation that a number of global suitors are eyeing up the group.
As published in international trade media, the PPR have been mentioned as predators but PPR denied it is interested through an official statement last Friday: "Burberry is a very beautiful brand, but it does not match the selection criteria for our luxury portfolio..." made clear PPR spokeswoman Charlotte Judet. Burberry's shares closed down at ￡11.08 on Friday.
Overlooking Royal Albert Hall and the Royal College of Art, the Burberry Prorsum catwalk show is the first LFW show to be hosted at Kensington Gardens. The AW11 collection is set to be presented at 4pm. Burberry to reveal record profits: Burberry is expected to reveal a double-digit increase in revenue when it updates the market on third quarter trading on Tuesday. Analysts expect the London fashion house to post third quarter revenues, excluding Spanish operations, of ￡434m - up from ￡380m in the same period the previous year. As the wealthy regain the confidence to spend and customers in emerging markets develop a taste for luxury goods, Burberry has seen sales and profits spike over the past year. Many other luxury goods houses have seen similar increases.
For its new SS11 campaign, quintessentially British fashion label Burberry teamed up with photographic icon Mario. The campaign will reveal new cast member each month, which refers to the global monthly flow of new Burberry products over the full breadth of the brand's offering. Burberry strategy is translated across all of the brand's online, offline, and in store touch points. The images are shot on Brighton beach with British models Cara Delavigne and Jacob Young.
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