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23 Jan 2009
Luxury clothing company Burberry is being forced to slash 290 jobs in a bid to cope with struggling sales.
In Spain, the closure of its Thomas Burberry business has cost a further 250 jobs.
Burberry’s difficulties have put the breaks on its expansion into emerging nations. CFO Stacey Cartwright is reported saying that fewer stores would be opened in 2009.
Capital spending would need to be halved, to around £45m in fiscal 2010, Cartwright added.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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