BRBY.L - Burberry Group plc

LSE - LSE Delayed price. Currency in GBp
2,060.00
-25.00 (-1.20%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
Previous close2,085.00
Open2,044.00
Bid2,066.00 x 0
Ask2,069.00 x 0
Day's range2,043.00 - 2,083.00
52-week range1,618.50 - 2,362.00
Volume1,264,847
Avg. volume1,435,939
Market cap8.431B
Beta (3Y monthly)0.58
PE ratio (TTM)25.21
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.42 (2.04%)
Ex-dividend date2019-06-27
1y target estN/A
  • New or Used, It’s Still Luxury
    Bloomberg

    New or Used, It’s Still Luxury

    (Bloomberg Opinion) -- It’s now easier than ever to get your hands on a used Louis Vuitton tote or Gucci belt bag for cheap. But the rise of the online resale market in luxury goods needn’t have executives of high-end fashion houses shaking in their Christian Louboutin boots.In fact, it’s a model that could actually help an industry that thrives on scarcity and exclusivity, especially if designers use this emerging channel to their advantage.One reason is that the growth of the luxury resale market, popularized by such sites as the RealReal Inc., Poshmark and Vestiaire Collective, is poised to outstrip that of the broader market. The Boston Consulting Group and Altagamma estimate that it will expand by an average of 12% per year through 2021, compared to about 3% for the primary luxury market.While prices on the resale market tend to be lower than retail, they’re not so much lower that they appeal to a totally different customer. Jamie Merriman, an analyst at Bernstein, found that the median price of a Louis Vuitton bag on The RealReal was $1,025. That’s a deal compared to the median $3,000 price her analysis found for new Louis Vuitton purses. But that still leaves the brand in a vastly different tier than, say, Coach or Michael Kors, whose new bags might cost $300 to $400.  (It’s near enough that it may tempt some shoppers to trade up — but that’s only a worry for accessible luxury brands.)In some cases, the prices fetched on the secondhand market might only add to a label’s mystique and cachet. Rare Hermés Birkin bags can sell on sites such as RealReal for higher prices than new ones do.Perhaps more important, though, is the way that secondhand sites can change the calculus of buying a new luxury piece in the first place. Say you’re considering a classic Balenciaga City bag for about $2,000. Is it worth the investment? A scroll around RealReal shows that you might be able to resell it for about $600. That could be exactly the kind of assurance a first-time millennial or Generation Z luxury buyer needs to take the plunge on a pricey accessory. None of this is to say that the luxury powerhouses shouldn’t get into the burgeoning resale market themselves. Some already are. At A.P.C., a French fashion house, customers can apply to trade in their worn jeans. If accepted, they can buy a new pair at half price. (The old jeans are then resold, but not before they have been washed, repaired and marked with the initials of the former owners.)Another option would be to acquire secondhand platforms, as Cie Financiere Richemont SA did with Watchfinder last year. But this could create challenges, particularly when it comes to authenticating other brands’ products. That’s why cooperation between luxury brands and resale sites looks like the more likely and logical approach.Burberry Group Plc, has begun a partnership with the RealReal in which U.S. customers who consign its goods can get a personal shopping session and tea at one of its boutiques. In Europe, Vestiaire Collective has a tie-up with French contemporary brands including Sandro and Maje, owned by SMCP SA, under which customers selling these retailers’ products are rewarded with a 10 euro voucher to spend on their new collections.Such relationships allow the brands themselves to engage with shoppers who are participating in the secondhand market. They also allow these companies to market themselves as champions of sustainability and recycling.Luxury adviser Mario Ortelli of Ortelli & Co. says cooperation between fashion houses and secondhand sites could run even deeper as the market develops. Brands could play a bigger role in authenticating their products for resellers, for example. Another idea: Fashion labels could use data from resale sites to inform their merchandising decisions.So there is good reason for the luxury giants to play nice with the resale sites right now — but they should be clear-eyed about the possibility that industry dynamics may eventually change. If these startups end up struggling to keep counterfeit products off their marketplaces, for instance, that would be a reason for the luxury brands to distance themselves.  For now, however, the big bling empires shouldn’t fear their handbags and dresses getting a second life.To contact the authors of this story: Sarah Halzack at shalzack@bloomberg.netAndrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Have Insiders Been Buying Burberry Group plc (LON:BRBY) Shares?
    Simply Wall St.

    Have Insiders Been Buying Burberry Group plc (LON:BRBY) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • What is driving the Burberry share price (LON:BRBY)?
    Stockopedia

    What is driving the Burberry share price (LON:BRBY)?

    Stockopedia’s ‘High Flyers’ are the stock market superstars. These companies tend to be the ones that fund managers jostle and barter over. They are high quali8230;

  • Reuters - UK Focus

    UPDATE 2-FTSE 100 snaps four-day winning run amid Brexit worries

    UK stocks ended Friday on a sour note as Brexit jitters weighed on sentiment, although the exporter-heavy FTSE 100 marked its strongest weekly performance in nine months as the continuing political divide hurt sterling. The FTSE 100, which had hovered at a near one-month high in the last two sessions, closed with a 0.1% dip. The FTSE 250 lost 0.2%, led lower by a 9.4% fall in Synthomer after the polymer maker issued a profit warning.

  • Here's Why I Think Burberry Group (LON:BRBY) Might Deserve Your Attention Today
    Simply Wall St.

    Here's Why I Think Burberry Group (LON:BRBY) Might Deserve Your Attention Today

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • Forget Bitcoin. I’d buy these 2 FTSE 100 growth shares in an ISA today
    Fool.co.uk

    Forget Bitcoin. I’d buy these 2 FTSE 100 growth shares in an ISA today

    Peter Stephens thinks these two FTSE 100 (INDEXFTSE:UKX) shares could deliver higher returns than Bitcoin in the long run.

  • Reuters - UK Focus

    LIVE MARKETS-Brexit and trade: Easy tiger, no fat lady singing yet!

    * Optimism on Brexit and the trade war drive stocks higher * STOXX up 1.3%, Irish stocks jump 2.8% outperforming rest of Europe * Publicis sinks after results, drags WPP down * Hugo Boss shares slump 13%, pulling down Burberry Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net BREXIT AND TRADE: EASY TIGER! THE FAT LADY AIN'T SINGING YET! (1120 GMT) Calls for caution and reality checks are coming left, right and centre from our contacts while stocks and the pound are high on optimism towards Brexit and the trade war.

  • Reuters - UK Focus

    UPDATE 1-Italy's Ferretti IPO postponed to Oct. 15 due to weak demand

    Italian yacht maker Ferretti said on Thursday it had postponed the deadline for its initial public offering (IPO) to Oct. 15, with the first day of trading now expected on Oct. 21. The company was hoping for strong demand from Asian investors to save the IPO. Ferretti is controlled by Chinese conglomerate Weichai Group with an 86% stake.

  • Reuters - UK Focus

    UPDATE 2-European shares rise on Brexit, trade deal hopes; LVMH shines

    European shares rose on Thursday as signs of progress in U.S.-China trade talks and hopes of a Brexit deal helped investors look past weak economic data and negative corporate updates. Investors took heart after U.S. President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks, confirming the Chinese delegation would not be cutting the two-day negotiations short.

  • Reuters - UK Focus

    Luxury stocks buoy European shares before U.S.-China trade talks resume

    Advances in luxury goods makers led European shares slightly higher on Thursday, but nervousness lingered after conflicting headlines were reported on Sino-U.S. trade progress ahead of the top-level negotiations. The pan-European STOXX 600 index was up 0.1% at 0706 GMT, with France's CAC 40 rising 0.4% to lead the charge. French stocks were boosted by a near 5% jump in shares of LVMH, after the Louis Vuitton owner beat sales forecasts for the third quarter.

  • Reuters - UK Focus

    UPDATE 1-LVMH shrugs off Hong Kong pain with Vuitton sales boom

    Louis Vuitton owner LVMH beat sales forecasts for the third quarter despite unrest in Hong Kong that has forced luxury goods labels to shut stores, in an encouraging sign for rivals who might also be able to make up for the lost business elsewhere. High-end brands have long relied on Hong Kong as a major shopping hub which draws visitors from mainland China in particular, and four months of pro-democracy demonstrations are starting to take their toll. France's LVMH, behind fashion brands like Christian Dior as well as Veuve Cliquot champagne, did not give details of the sales hit from the protests in an update late on Wednesday.

  • Reuters - UK Focus

    LIVE MARKETS-Corporate bonds are the crack in the economy

    * Rally on report China open to partial US trade deal * STOXX 600 up 0.4%, DAX up 1% after hitting one-week high * Fed's Powell says open to more rate cuts, eyes on FOMC minutes * Solid update lifts food deliverer Takeaway.com, GVC gains * Wall Street gains on hopes of trade deal Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net CORPORATE BONDS ARE THE CRACK IN THE ECONOMY "Where can we observe the first crack?" asks Sonja Laud, chief investment officer at Legal & General Investment Management (LGIM), asking a question that's often posed as investors wonder where the biggest vulnerability is in the market as the economic cycle nears an end, or rather as investors perceive the end of a decade-long cycle.

  • Reuters - UK Focus

    LIVE MARKETS-Remember 2016? Being right and still getting it all wrong

    * Rally on report China open to partial US trade deal * STOXX 600 up 0.5%, DAX up 1% after hitting one-week high * Fed's Powell says open to more rate cuts, eyes on FOMC minutes * Solid update lifts food deliverer Takeaway.com, GVC gains * US futures point to positive Wall Street start Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. BEING RIGHT AND still GETTING IT ALL WRONG (1212 GMT) Amid speculation on what impact the rise of Democratic hopeful Elizabeth Warren in the 2020 presidential race could have on U.S. stocks, here's a interesting anecdote from Lee Spelman, head of U.S. equities at JP Morgan Asset Management. Reminiscing on how she had not seen the victory of Donald Trump coming in 2016, she told the audience of the asset manager's International Media Summit in London this morning about a meeting she had with portfolio managers a week before the election.

  • Reuters - UK Focus

    LIVE MARKETS-Trade hopes add fuel to European gains

    * European shares rally on report China open to partial US trade deal * STOXX 600 up 0.5%, DAX up 1% after hitting one-week high * Fed's Powell says open to more rate cuts, eyes on FOMC minutes * Solid update lifts food deliverer Takeaway.com, GVC gains * US futures point to positive Wall Street start Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net TRADE HOPES ADD FUEL TO EUROPEAN GAINS (1047 GMT) Stocks in Europe, and trade-sensitive Germany in particular, got quite a jolt earlier after a report that Beijing was ready for a partial truce with Washington kindled hopes that the next round of official talks between China and the United States kicking off tomorrow will result in a deal of some sort.

  • Reuters - UK Focus

    LIVE MARKETS-China: looking beyond the trade war

    * European shares rally on report China open to partial US trade deal * STOXX 600 up 0.5%, DAX up 1% after hitting one-week high * Fed's Powell says open to more rate cuts, eyes on FOMC minutes * Solid update lifts food deliverer Takeaway.com, GVC gains * US futures point to positive Wall Street start Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net CHINA: LOOKING BEYOND THE TRADE WAR (0959 GMT) Well it actually looks very, very good if you ignore the current tug of war between the world's two biggest economies, at least that's according to Richard Titherington, chief investment officer for JP Morgan AM's EM equities.

  • Reuters - UK Focus

    LIVE MARKETS-Europe's cash pile whets asset managers' appetite

    * European shares recover after sell-off on trade angst * STOXX 600 up 0.3%, DAX up 0.5% after Fed's Powell says open to more rate cuts * Asian shares ease as U.S.-China standoff spreads * Solid update lifts food deliverer Takeaway.com, GVC gains Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net EUROPE'S CASH PILE WHETS ASSET MANAGERS' APPETITE (0843 GMT) While European stocks markets may have been underperforming their U.S. peers for some years now, the cash piles laying unused across the continent, particularly in Germany, are whetting the appetite of big asset managers such as JP Morgan AM. Despite negative interest rates and local banks starting to charge clients for holding too much cash, the typical European saver has a strong bias in favour of cash in comparison to the U.S., notes Patrick Thomson, chief executive officer for EMEA.

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: searching for direction

    * European shares stabilise after sell-off on trade angst * STOXX 600 up 0.3%, DAX up 0.5% * Asian shares ease as U.S.-China standoff spreads * Solid update lifts food deliverer Takeaway.com, GVC gains Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net OPENING SNAPSHOT: SEARCHING FOR DIRECTION (0731 GMT) Selling pressure has indeed stabilised but Europe was lacking a bit of direction at the open with the STOXX 600 trading just around parity in early deals and sectoral indexes showing muted moves. The major indices are now gaining some momentum, with Germany's DAX up 0.5% and the STOXX 600 up 0.3%, but investors are staying on the sidelines ahead of the start of another round of high level trade talks between the U.S. and China tomorrow and there is little hope of any breakthrough.

  • Reuters - UK Focus

    LIVE MARKETS-What's on our radar at the open

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. European shares are expected to stabilise this morning, although worries over mounting tensions between Washington and Beijing ahead of high level talks persist, likely limiting any gains, as the outlook for earnings growth deteriorates further.

  • With 16% Earnings Growth, Did Burberry Group plc (LON:BRBY) Outperform The Industry?
    Simply Wall St.

    With 16% Earnings Growth, Did Burberry Group plc (LON:BRBY) Outperform The Industry?

    When Burberry Group plc (LSE:BRBY) announced its most recent earnings (30 March 2019), I compared it against two...

  • Hereamp;rsquo;s why Burberry is one of the most expensive shares on the market
    Stockopedia

    Hereamp;rsquo;s why Burberry is one of the most expensive shares on the market

    It has long been understood that cheap stocks have a tendency to outperform expensive stocks in the stock market. While this is not true every single year, ove8230;

  • Do Your Gucci Loafers Make You Feel Ashamed?
    Bloomberg

    Do Your Gucci Loafers Make You Feel Ashamed?

    (Bloomberg Opinion) -- “Flygskam” (or flight shame) has made some people too embarrassed to fly because of the damage to the planet. Might fashion be the next business to suffer as consumers put on their environmental hair shirts?Bernard Arnault, chairman of luxury behemoth LVMH Moet Hennessy Louis Vuitton SE, has criticized the 16-year-old climate activist Greta Thunberg as being “demoralizing for young people.” She’s probably a bit of a downer for him too.Arnault’s business depends on shoppers, especially young ones, buying lots of unnecessary stuff, from Christian Dior saddlebags to expensive lipsticks from the pop star Rihanna’s Fenty range. Fretting about an impending environmental catastrophe, and worrying that your purchases are contributing to it, is hardly conducive to a spot of retail therapy.The clothing and footwear industries (of which luxury is only a part) contribute about 8% of global C02 emissions, according to Quantis, an environmental consultancy. The Ellen MacArthur foundation, a non-profit organization, estimates that the textiles business generated more greenhouse gas emissions in 2015 than all international flights and shipping combined. There’s plenty here to infuriate Thunberg.Reliable data on the luxury industry’s environmental performance isn’t easy to come by, but one group (made up of Global Fashion Agenda, an industry forum, the Sustainable Apparel Coalition and the Boston Consulting Group) has had a go at creating at a scorecard. This “Pulse Score” is based on elements such as the ecological smartness of product design, raw material use and manufacturing processes. Getting 100 would be perfection on sustainability; nobody comes close to that.Overall, fashion had a pretty underwhelming score of 42 out of 100, although the big luxury companies scored a slightly more respectable 54. While this isn’t exactly cause to celebrate, it does show that the financial clout of LVMH — and its big peers such as Gucci-owning Kering SA and Switzerland’s Compagnie Financiere Richemont SA (home to Cartier) —  might be an advantage when it comes to trying to mitigate their impact on the planet and its resources.Yet one can’t ignore the scale of that industry impact. The luxury goods makers have enjoyed more than three years of blockbuster growth, driven largely by Chinese shoppers, meaning they’re gobbling up more natural resources than ever. And as the chart below shows, the natural materials favored by the fashionable elite have the worst effect on the environment (silk is a particular disaster).   None of this is helped by the wasteful practices of many shoppers, who move on quickly to the next hot design, or indeed some of the companies. Britain’s Burberry Group Plc came under justified fire last year for its now abandoned practice of destroying unsold stock to prevent it being sold off cheaply.Kering, founded by Arnault’s great rival Francois Pinault, does at least try to be transparent about the damage it does. It publishes an environmental profit and loss account, which put the cost of its impact on the planet in 2018 at about 500 million euros ($549 million). It estimates that about three-quarters of this came from raw materials processing and production. Still, while it’s honest of them to publish these data, the harm is still being done.LVMH has kept a lower profile, though it does perform well on one measure. Morgan Stanley analysts say that the more a luxury company does its own manufacturing, the better it performs on environmental, social and governance targets. That’s because some of the worst industry practices happen in the supply chain away from the direct control — and responsibility — of the parent. The LVMH brands rank well on this measure, according to the Morgan Stanley research. Three of its brands (Loro Piana, Louis Vuitton and Christian Dior) do most of their own manufacturing.As Arnault’s attack on Thunberg highlighted, there’s a reason why these companies are trying to mend their ways: younger shoppers, including Chinese ones, are demanding it. In 2018 all of the industry’s growth came from the under-40s, according to consultants at Bain & Company. Those consumers are more likely to be loyal to brands with a conscience. Yet no matter how much attention the industry pays to the planet, this business is still about getting people to spend money on stuff they could live without. If the rich can be shamed into giving up their far-flung holidays, what does the future hold for Gucci’s diamond belt?\--With assistance from Elaine He and Lara Williams.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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