Burberry Group Plc’s new chief executive officer, Christopher Bailey, today outlined his vision of growth for the U.K.’s largest luxury-goods maker as he reported full-year earnings that exceeded estimates.
It’s unlikely the U.S. president will be shopping on First Aeroportovskaya Street in Moscow anytime soon. Just in case, Magazin Myod, a small store selling honey and beeswax, has a sign on its door saying, “Sanctions: Barack Obama is prohibited from entering.”
Burberry Group Plc said Chief Financial Officer Stacey Cartwright is leaving after nine years in the job, ruffling investors at a time when the company has to contend with slowing growth in luxury-goods sales.
The Channel Tunnel rail link between Britain and France was built on the promise that it would render sea trade on the route redundant. Fifteen years on and operator Groupe Eurotunnel SA is revising its cargo strategy for a second time as volumes languish two-thirds below their 1998 peak.
Barclays Plc, the U.K. bank fined a record amount for rigging global interest rates, is languishing at a cheaper valuation than 93 percent of its global competitors, fueling a debate about breaking up Britain’s second-biggest lender.