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

BURBERRY GROUP (BRBY)
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Burberry : LVMH's Celine creator Phoebe Philo to leave company

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12/22/2017 | 08:08pm CET
FILE PHOTO - Former honoree and creative director of CELINE, Phoebe Philo, arrives at Time 100 gala celebrating magazine's naming of  100 most influential people in the world for the past year in New York

Phoebe Philo, artistic director of LVMH's (>> LVMH Moët Hennessy Vuitton SE) Celine label will leave the high-end ready-to-wear brand in January, the company said on Friday.

Phoebe Philo, artistic director of LVMH's (>> LVMH Moët Hennessy Vuitton SE) Celine label will leave the high-end ready-to-wear brand in January, the company said on Friday.

"Working for Celine has been an amazing experience for me over the past ten years," Philo said in a statement.

The British designer has decided to take a break, believing that she had accomplished her mission to revamp Celine, and will not join another firm in the immediate future, a source close to the matter had told Reuters earlier.

The source denied rumours she would join Burberry (>> Burberry Group).

"Phoebe has written a key chapter in Celine's story for the last ten years. We are very grateful to her for contributing to the great development of this house (Celine)," said LVMH boss Bernard Arnault.

(Reporting by Pascale Denis and Dominique Rodriguez; writing by John Irish, editing by David Evans)

Stocks treated in this article : LVMH Moët Hennessy Vuitton SE, Burberry Group
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Financials ( GBP)
Sales 2018 2 777 M
EBIT 2018 449 M
Net income 2018 302 M
Finance 2018 770 M
Yield 2018 2,51%
P/E ratio 2018 23,38
P/E ratio 2019 20,14
EV / Sales 2018 2,19x
EV / Sales 2019 2,18x
Capitalization 6 858 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 17,5  GBP
Spread / Average Target 8,3%
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
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