Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Burberry Group    BRBY   GB0031743007

BURBERRY GROUP (BRBY)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe Europe - 02/19 09:07:53 am
1551 GBp   -0.06%
02/15Britain's Burberry pairs up with Farfetch in online push
RE
02/15Burberry pairs up with Farfetch in online push
RE
02/15BURBERRY : launches partnership with Farfetch
PU
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Burberry : Belgian activist investor hikes Burberry stake as overhaul starts

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 03:41pm CET
The exterior of a Burberry store is seen in central London, Britain

PARIS (Reuters) - Belgian billionaire Albert Frere has raised his stake in Burberry (>> Burberry Group) from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns.

PARIS (Reuters) - Belgian billionaire Albert Frere has raised his stake in Burberry (>> Burberry Group) from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns.

Frere - who along with other activist investors spurred a turnaround at German sportswear maker Adidas (>> Adidas) after taking stakes in 2015 - first disclosed a 3 percent stake in Burberry in February.

The holding is owned by a subsidiary of Frere's Groupe Bruxelles Lambert (GBL), which also has investments in French drinks company Pernod Ricard and energy firm Total.

Burberry's sales growth has lagged that of peers in the luxury and fashion world as a rebound in demand from Chinese consumers helps the industry recover from a few lean years.

Under new CEO Marco Gobbetti, the 161-year-old outerwear maker wants to become a top-end luxury player and is banking on a creative overhaul as it prepares to part ways with long-time designer Christopher Bailey.

Burberry shares fell sharply on Thursday as investors baulked at the costs of Gobbetti's plan and the longer-than-expected turnaround time he outlined. Growth in revenue and operating profit will take until 2021, he said.

The stock was down another 2.3 percent at 1406GMT on Friday.

Analysts at Berenberg said Frere's greater investment was positive.

"The news should reinstate some confidence amongst investors, confirming our view that despite the short-term downside risks to earnings, the company is on the right path to long-term success," the analysts said in a note.

(Reporting by Sarah White; Editing by Hugh Lawson)

Stocks treated in this article : Burberry Group, Adidas
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BURBERRY GROUP
02/15Britain's Burberry pairs up with Farfetch in online push
RE
02/15Burberry pairs up with Farfetch in online push
RE
02/15BURBERRY : launches partnership with Farfetch
PU
02/14Italy's Moncler turns on speed to tackle fickle fashion
RE
02/12BURBERRY : champions LGBTQ+ communities as part of its upcoming February show
PU
02/01BURBERRY : Foundation partners with Oxfam and PUR Projet to support social and e..
PU
01/31China's young shoppers breathe new life into luxury market
RE
01/17BURBERRY : European indices weak tracking subdued cues from Asia
AQ
01/17European shares dip as UK trading updates disappoint
RE
01/17Burberry sales slip in Christmas quarter
RE
More news
News from SeekingAlpha
01/17Burberry Group (BURBY) Management on Q3 2018 Results - Earnings Call Transcri.. 
01/17Burberry Group Plc ADR reports Q3 trading update 
01/17Burberry Group Plc ADR 2017 Q3 - Results - Earnings Call Slides 
2017European luxury sector handed a win by EU court 
2017Burberry Group Plc ADR 2017 Q3 - Results - Earnings Call Slides 
Financials ( GBP)
Sales 2018 2 753 M
EBIT 2018 445 M
Net income 2018 283 M
Finance 2018 769 M
Yield 2018 2,61%
P/E ratio 2018 23,36
P/E ratio 2019 20,44
EV / Sales 2018 2,08x
EV / Sales 2019 2,08x
Capitalization 6 491 M
Chart BURBERRY GROUP
Duration : Period :
Burberry Group Technical Analysis Chart | BRBY | GB0031743007 | 4-Traders
Technical analysis trends BURBERRY GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 17,4  GBP
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Marco Gobbetti Chief Executive Officer & Director
Christopher Bailey President, Director & Chief Creative Officer
John Wilfred Peace Chairman
Julie Brown Director, Chief Operating & Financial Officer
Fumbi Chima Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BURBERRY GROUP-13.23%9 193
INDITEX SA-8.97%103 340
FAST RETAILING CO LTD-6.54%41 962
ROSS STORES-1.64%30 163
ZALANDO6.22%14 572
L BRANDS-17.19%14 077