Burberry Group plc

Equities

BRBY

GB0031743007

Apparel & Accessories Retailers

Market Closed - London S.E. Other stock markets 11:35:24 2024-04-26 am EDT			5-day change	1st Jan Change
1,152 ^GBX	+0.66%		+1.77%	-18.64%

Apr. 24	No record close for FTSE 100; mixed trade in US	AN
Apr. 24	No record close for FTSE 100; mixed trade in US	AN

Pattern finalizes sale of business unit to Burberry

October 02, 2023 at 08:54 am EDT

(Alliance News) - Pattern Spa announced Monday that it has finalized the sale to Burberry Italy Srl of the business unit of the Turin plant dedicated to the design and production of Burberry brand products.

Contrary to what was announced last March 28, the price paid today to Pattern was EUR22.4 million, following a preliminary adjustment of the base price of EUR21 million based on a provisional estimate of the business unit's commercial working capital and Net Financial Position.

Pattern gives up 0.7 percent to EUR6.85 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BURBERRY GROUP PLC	1,152 GBX	+0.66%	+1.77%	5.12B
	PATTERN S.P.A.	6.04 EUR	-1.95%	+2.37%	92.61M

Latest news about Burberry Group plc

No record close for FTSE 100; mixed trade in US	Apr. 24	AN
No record close for FTSE 100; mixed trade in US	Apr. 24	AN
Luxury sector outlook clouded by China's slow recovery	Apr. 24	RE
Kering shares dive as Gucci falters	Apr. 24	RE
Kering's Shares Fall on Lower Profitability Outlook	Apr. 24	DJ
Capital & Regional picks Gerry Murphy as non-exec director	Apr. 22	AN
European Equities Close Higher in Wednesday Trading; Euro Area, EU Inflation Rate Declines in March	Apr. 17	MT
European Luxury Stocks Get Lift After LVMH Update Soothes Concerns	Apr. 17	DJ
London stocks gain as miners shine, inflation slows its fall	Apr. 17	RE
BofA cuts Ashmore; JPMorgan lifts Fresnillo	Apr. 17	AN
LVMH's first quarter sales growth slips to 3% on luxury slowdown	Apr. 16	RE
LVMH's first quarter sales growth slips to 3% on luxury slowdown	Apr. 16	RE
Burberry Says Debra L Lee, Independent Non-Executive Director, To Retire	Apr. 12	RE
Burberry Group plc Announces Retirement of Debra L Lee as Independent Non-Executive Director	Apr. 12	CI
British equities move higher; US inflation in focus	Apr. 10	RE
China uncertainty clouds outlook for luxury sector	Apr. 09	RE
RBC Maintains Burberry at Sector Perform, Cuts PT	Apr. 04	MT
European Midday Briefing : Investors Cheer Reassuring Powell, Encouraging Data	Apr. 04	DJ
Berenberg likes 4imprint; Numis cuts CMC	Apr. 04	AN
Barclays Trims Burberry Group PT, Affirms at Equalweight	Apr. 02	MT
European Midday Briefing : Stocks Gain as Bonds Track Treasuries Lower	Apr. 02	DJ
Bernstein starts AstraZeneca at 'outperform'	Apr. 02	AN
Pattern closes 2023 with triple-digit growth profit; up revenues	Mar. 27	AN
Oddo BHF Keeps Burberry at Underperform, Reduces PT	Mar. 27	MT
Jefferies Keeps Burberry at Hold, Reduces PT	Mar. 27	MT

Chart Burberry Group plc

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Company Profile

Burberry Group plc specializes in the design, manufacturing and marketing of top-of-the-range clothes and accessories. Net sales break down by activity as follows: - retail distribution (80.8%): activity conducted, at the end of March 2023, through a network of 448 stores distributed between company-owned stores (219; Burberry name), concession stores (138), franchised stores (35) and other (56); - wholesale distribution (17.5%); - licensed sale (1.6%). Net sales (not including licensed sale) break down by family of products between accessories (37%), men's clothing (28.5%), ladies clothing (28.5%), and children's clothing (6%). Net sales (not including licensed sale) are distributed geographically as follows: Europe/Middle East/India/Africa (33%), Asia/Pacific (42.6%) and Americas (24.4%).

Sector

Apparel & Accessories Retailers

Calendar

2024-05-15 - Q4 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

More about the company

Income Statement Evolution

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Analysis / Opinion

BURBERRY : Softer luxury demand is weighing on the business

February 27, 2024 at 01:38 am EST

Burberry Group plc : Luxury goods: Burberry throws a spanner in the works

November 16, 2023 at 05:47 am EST

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Ratings for Burberry Group plc

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

11.52 GBP

Average target price

13.42 GBP

Spread / Average Target

+16.45%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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