Burberry Reveals a 42-Percent Rise in Annual Profits

Following Riccardo Tisci’s appointment at the house.

Fashion
321 Hypes

Earlier this year, British fashion house Burberry revealed that former Givenchy creative director Riccardo Tisci would be succeeding Christopher Bailey at the label. The decision came as a surprise to many and after his appointment, Tisci introduced everything from a new “drop” schedule to a collaboration with Vivienne Westwood.

Now, Burberry has revealed its financial figures capturing the first half of the year, seeing a 42-percent increase in profits, landing at approximately $173 million USD. The label added that the profit rise was partly because of the  “exceptional response” Tisci has received, as well as “endorsement from some of the world’s most followed influencers.”

“The initial response from influencers, press, buyers and customers to our new creative vision and Riccardo’s debut collection has been exceptional. Mindful that we ware only in the first phase of our multi-year plan, we continue to manage dynamically through the transition. We confirm our outlook for the full year,” said Marco Gobbetti, Chief Executive Offer at Burberry.

Catch up on Burberry’s Spring/Summer 2019 collection, and make sure to stay tuned as we expect to see a lot more from the heritage label.

Read Full Article
More

What to Read Next

Adriana Lima Is Retiring Her Angel Wings and Saying Goodbye to Victoria's Secret
Fashion

Adriana Lima Is Retiring Her Angel Wings and Saying Goodbye to Victoria's Secret

The model sheds tears at her final VS show.
84,601 Hypes

Tyler, the Creator Has Unveiled an Exclusive Lineup of Camp Flog Gnaw 2018 Merch
Fashion

Tyler, the Creator Has Unveiled an Exclusive Lineup of Camp Flog Gnaw 2018 Merch

Featuring graphic-heavy tees and hoodies.
2,064 Hypes

Public School Founders Talk the Future of Fashion & "Stigma" of Sustainability
Fashion  

Public School Founders Talk the Future of Fashion & "Stigma" of Sustainability

The CFDA + Lexus Fashion* Initiative finalists prep for a 9-month business bootcamp.
593 Hypes


adidas' Falcon Silhouette Arrives in "Raw Pink" & "Light Blue"
Footwear

adidas' Falcon Silhouette Arrives in "Raw Pink" & "Light Blue"

One of our favorite colorways yet.
462 Hypes

Everything We Know About the Tom Ford Lawsuit Filed by a Former Employee
Fashion

Everything We Know About the Tom Ford Lawsuit Filed by a Former Employee

Filed last week in New York City.
786 Hypes

PUMA and Forever 21 Have Settled Lawsuit Over Rihanna's Fenty Footwear
Footwear

PUMA and Forever 21 Have Settled Lawsuit Over Rihanna's Fenty Footwear

More than one year later.
17,359 Hypes

More ▾