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Burberry Cuts Jobs as Full-Year Profit Swings to Loss

Sales fell 6 percent in the first three months of 2025 but beat estimates, suggesting that Burberry’s latest turnaround attempt is gaining some ground in a tough luxury market. The brand plans to cut 1,700 jobs as part of a cost cutting push.
Burberry’s latest turnaround attempt is gaining some ground with consumers in a tough market for luxury goods.
Burberry’s latest turnaround attempt is gaining some ground with consumers in a tough market for luxury goods. (Courtesy Burberry)

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