Burberry Group plc

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  • 1,303.50p
  • -4.00p (-0.31%)


Burberry share price slides as Goldman Sachs turns bearish on group

Goldman Sachs turns bearish on Burberry

Analysts cite demanding valuation and higher investment expectations

3 weeks ago


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About Burberry Group plc

Burberry Group Plc (LON:BRBY) is a British holding company, which designs, sources, and markets luxury clothing and non-apparel accessories for men, women and children through a network of retail, wholesale, franchise and digital commerce channels worldwide.
It operates under three brands: Burberry Prorsum – Base line for other brands; Burberry London – heritage outerwear 'wear to work' items, including business wear; and Burberry Brit -- the most accessible of the Burberry brands, with entry level pricing.
Burberry is headquartered in London, the United Kingdom and operates in four regions. For 2012/13, Asia Pacific represented 39 percent of the company’s retail/wholesale revenue, Europe 30 percent, the Americas 25 percent and the Rest of World six percent. As of March 31, 2013, Burberry had 206 mainline stores, 214 concessions, 49 outlets, and 65 franchise stores in over 50 countries.
The company was founded in 1856 by 21-year old dressmaker Thomas Burberry. Burberry was an independent company until 1955, when it was taken over by Great Universal Stores (GUS). In 2002, Burberry was initially floated on the London Stock Exchange. In 2005, GUS divested its remaining interest in the company.
Burberry is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

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