Burberry announces organizational restructuring, expected to affect around 1,700 positions globally.

British luxury brand Burberry announced on May 14th its financial data for the 2025 fiscal year ending on March 29th, with revenue of 2.461 billion pounds, a 17% year-on-year decrease. Adjusted operating profit was 26 million pounds, a 94% year-on-year decrease. Burberry also announced an organizational restructuring, with proposed reform measures expected to save an additional 60 million pounds by the 2027 fiscal year. Burberry stated that during the implementation of this plan, it may affect approximately 1,700 positions globally.