This is a U.K. news story, published by CNBC, that relates primarily to Burberry news.
For more U.K. news, you can click here:
more U.K. newsFor more Burberry news, you can click here:
more Burberry newsFor more clothes news, you can click here:
more clothes newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best entertainment news, business news, world news, and much more. If you like clothes news, you might also like this article about
British luxury fashion house Burberry Group. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Burberry brand news, index provider FTSE Russell news, clothes news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Burberry holdingsCNBC
•
87% Informative
Burberry drops out of FTSE 100 , bringing its 15-year run in the U.K. large-cap index to a close.
The relegation marks a fresh blow for Burberry , whose share price is down more than 53% so far this year .
The appointment of Joshua Schulman as CEO in July now suggests a change in direction.
Luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.
Burberry 's half-year financial results are due out on Nov. 14 .
Certain players, primarily those in the ultra-luxe space, have managed to weather the storm.
VR Score
91
Informative language
92
Neutral language
65
Article tone
formal
Language
English
Language complexity
49
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
Affiliate links
no affiliate links