6Mon·

$BRBY (+1.12%) - Profit warning and CEO dismissed!

- Resignation of the CEO

- Retail sales down 22 %

- Comparable sales down 21 %

- All regions except Japan in the red

- Abolition of dividend

- Expected operating loss in the first half of the year

- "Luxury market proving more challenging than expected"

6 Comments

gqx@gqx

6Mon

Looks really bad. What are the chances of Burberry being acquired by LVMH or Kering, for example? 🤔

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BamBamInvest@BamBamInvest

6Mon

@xavi808 In my opinion, a takeover by $MC would make perfect sense. But I wouldn't invest for that reason alone. With staying power, but in my opinion a good entry opportunity in the long term.

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Seventrader@7Trader

6Mon

@xavi808 I also think that a merger is becoming more and more likely. In this case, I would have guessed Tapestry as the buyer.

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Deleted User

6Mon

Comment was deleted

Enrique@Dividenden_Monteur

6Mon

@capital_guru_800 Why should you get in on news like this?

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BamBamInvest@BamBamInvest

6Mon

@capital_guru_800 If you believe in the brand, and I actually do, I think it will certainly be a good entry opportunity at some point in the long term. But I don't think the price will run away from you so quickly. But in the long term, it will certainly be a good entry price. But you may need to be patient.

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