Burberry Group

Ticker BRBY

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Market closed
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Price Pence
As of 16:50 24 Sep 2018
Market cap. Pound sterling
8,272.13 million
As of 16:50 24 Sep 2018

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Alcohol is so last season

Fashionistas looking for some Bolly and Stoli at Burberry's London Fashion Week show will be disappointed, according to The Times' retail editor Deirdre Hipwell:

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Burberry's no fur future is 'a sign of the times'

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There are celebrations happening over at the animal rights group PETA after Burberry announced that it will stop using real fur.

Mimi Bekhechi, PETA's director of international programs, says: "This decision is a sign of the times, as today's shoppers are seeing fur for what it is: the skin of animals who were caged and electrocuted or bludgeoned to death or caught in steel traps and often left to die slowly from blood loss – which is the way that coyotes are still being killed for the frivolous trim on Canada Goose's jackets.

Canada Goose jackets
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"The few fashion houses refusing to modernise and listen to the overwhelming public opinion against fur are now sticking out like a sore thumb for all the wrong reasons. If they want to stay relevant in a changing industry, they have no choice but to stop using fur stolen from animals for their coats,collars, and cuffs."

Burberry to stop using real fur

Riccardo Tisci
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In a statement, Burberry also said this morning: "Burberry also confirms it will no longer use real fur. There will be no real fur in Riccardo Tisci’s (pictured) debut collection for Burberry later this month, and we will phase out existing real fur products."

Chief executive Marco Gobbetti said: “Modern luxury means being socially and environmentally responsible. This belief is core to us at Burberry and key to our long-term success. We are committed to applying the same creativity to all parts of Burberry as we do to our products.”

BreakingBurberry to stop burning unsold goods

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Luxury fashion house Burberry has announced that it will stop destroying unsold goods "with immediate effect".

It says the decision is part of its new strategy "which is helping tackle the causes of waste".

It emerged in the summer that the company had been burning millions of pounds worth of unsold clothes, accessories and perfume to protect its brand - to prevent them being stolen or sold cheaply.

The value of products burned last year hit £28.6m and over the last five years, reached £90m.

In other news...

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Pets at Home will hold its annual general meeting today

Has trading on the High Street improved?

Home goods retailer Dunelm and discounter B&M will provide a snapshot of the market when they both gives trading updates at 7.00am.

Online fashion retailer ASOS will also publish figures while Pets at Home will hold its annual general meeting (AGM) today.

Burberry will also hold its AGM though following yesterday's trading update - and a sharp fall in its share price - it might not be the most happiest of gatherings.