Burberry shares soar as British luxury group upgrades outlook after strong rebound in sales Published: March 12, 2021 at 5:38 a.m. ET By Lina Saigol 0 Van is sitting with black shorts and tan sweater! Shares in Burberry soared more than 7% on Friday after the British luxury group said it had seen “strong rebound” in sales in the fourth quarter as the fashion industry starts to recover. In an unscheduled trading update ahead of its March 27 financial year-end, Burberry BRBY, +6.87% said comparable store retail sales in the final quarter of its financial year are expected to be 28% to 32% higher than the same period a year earlier. The FTSE 100-listed UKX, +0.36% group now expects group revenue for the full year to decline by 10% to 11%, and the adjusted operating margin to be in the range of15.5% to 16.5%. Analysts had predicted a sales decline of 13% and adjusted operating profit margin of 14.3%. Burberry’s shares, which have risen close to 20% so far this year,<---
Market Summary > Compagnie Financiere Richemont Unsponsored Switzerland ADR 9.83 USD +0.20 (2.08%) OTCMKTS: CFRUY Compagnie Financière Richemont SA (CFRUY) 9.83+0.20 (+2.08%) At close: March 12 3:56PM EST COMPAGNIE FINANCIERE RICHEMONT SA Luxury goods company Compagnie Financière Richemont SA, also known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing and accessories.
Richemont Defends Johann Rupert’s Early COVID-19 Vaccination Samantha Conti January 23, 2021·2 min read LONDON – Richemont is standing by its founder and chairman Johann Rupert’s decision to get vaccinated early for COVID-19 after a Swiss newspaper accused him of cheating the system. The Swiss newspaper Tages-Anzeiger reported that Rupert received his first dose of the vaccine on Jan. 12, shortly before the official vaccination program began in the canton of Thurgau, in northeastern Switzerland. The newspaper also accused Rupert of working his personal connections to get the shot. One of the South African billionaire’s companies is invested indirectly in a private clinic operated by the Hirslanden group. The group is in charge of administering the vaccine in Thurgau. The Hirslanden group is owned by Mediclinic, which is controlled one of Rupert’s companies. The Swiss paper argued that Rupert wasn’t playing by the rules, and potentially took the place of older and more vulnerable people who might be at a higher risk of contracting COVID. Rupert is 70 , and the vaccination program currently prioritizes those over 75, and people with chronic diseases. A Richemont spokesperson said that “as a Swiss taxpayer for over 30 years who qualifies for the vaccine, we can confirm that Mr. Johann Rupert has been vaccinated against COVID-19.” It is understood that Rupert qualified for the vaccine because of underlying health vulnerabilities.
god i realized that might have sounded racy. i didn't mean that. i might have been trying to suggest those shorts, i wasn't so sure about the style on those.