Burberry Organizational Changes Announced
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BurberryCNBC
•Business
Business & Economics
Embattled Burberry to cut 1,700 jobs amid luxury slump

75% Informative
Burberry announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house.
The measures could lead to a "reduction in people-related costs which could impact around 1,700 roles globally" over the lifetime of the program, set to complete in 2027 .
Sales fell slightly less than expected in the fiscal fourth quarter , down 6% in the three months to March .
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