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The Independent UK

World

Alex Daniel

Burberry launches turnaround as sales continue to slump

Burberry Joshua Schulman Luxury

Burberry has launched a £40m cost-cutting programme as part of a plan to turn the company around, after sales continued falling in the second quarter (Yui Mok/PA) - (PA Archive)

Burberry has launched a £40 million cost-cutting programme as part of a plan to turn the company around, after sales continued falling in the second quarter.

Chief executive Joshua Schulman, who joined the company in July, said he wants it to focus on “productivity, simplification and financial discipline”.

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