Does Anyone Want To Grab A Job With Bailey?

According to Burberry Group PLC (BRBY.L)

The group issued a statement today announcing that Marco Gobbetti formally joined the group on the 27 th of this month.

However, the Burberry PLC Boboli statement said that Marco Gobbetti Gobbetti will formally perform its CEO's role until July 5th, before which he will serve as the Group Asia Pacific and the Middle East.

As chairman of the board, we all know that the Asia Pacific market led by greater China has always been the top priority of all luxury groups including Burberry PLC, Bo Bo Li.

Burberry PLC spokesman bobbury said that the accession of Marco Gobbetti will not affect the executive positions of the Asia Pacific and Middle East market, because the default position of Marco Gobbetti is itself CEO, but the group has not pointed out why it is so strange.

The company also said that Christopher Bailey will retain the CEO position until July 4th, and will serve as CEO of the group and continue to be the chief creative officer.

Christopher Bailey said in a statement that he will be responsible for Marco and Gobbetti.

Product, marketing, creative content, one responsible for operations, finance, retail and business.

Amid the overall weakness of the luxury goods industry and Burberry PLC boboley's serious slump, the controversial Christopher Bailey, who has been under dispute and stepped down, finally moved on because of her designer's failure to continue her career.

The CEO appointment of Marco Gobbetti was released as early as July 2016. When appointed, Marco Gobbetti serves LVMH Mo t t Hennessy Louis Vuitton Louis (MOET & CHANDON) Hennessy Hennessy group LV group.

In addition, the company also said that Julie Brown will officially perform the group's chief financial officer and chief operating officer in January 18th, replacing group CFO Carol Fairweather and COO John Smith respectively.

On Wednesday, the company will issue its latest performance report on Wednesday when the replacement of Burberry PLC Bo Bo Bailey management is happening before and after the company's three quarter results.

The market is expected to benefit from the devaluation of sterling after the euro referendum, and Burberry PLC, the Bob group, is expected to release its three quarter sales.

British investment bank Barclays Barclays predicted last week that the third quarter of the end of December, the Burberry PLC will be 2% higher than that of the sales. The real increase will benefit from the depreciation of the pound, which will be 25%, and the quarter sales will be 752 million pounds.

The bank also said that the brand new generation.

Wu Yifan boosted the brand's performance in social media, helping the group's three quarter sales.

Burberry PLC, Bo Bo Li, announced in 2016 October in Chinese social media that Wu Yifan, a Canadian Chinese born as a brand spokesperson, was widely sought after by Wu Yifan fans. However, she was also criticized by many loyal users, who joined the Tmall.com Tmall group.

No Agency, a luxury goods and clothing retail research consultancy, expects that the three quarter of Burberry PLC, Bo Bo Li, will record a comparable sales growth of 3%, mainly due to a substantial rebound in the mainland's luxury market in the second half of the year. Meanwhile, the UK market is booming, while Hongkong and the US market are still struggling, but are expected to be better than the first half.

Tang Xiaotang, founder of No Agency, said that the RMB depreciation effect was more and more obvious in mainland China's luxury market in the fourth quarter. It is expected that the Burberry PLC will continue to grow in the same market during the mainland market. Meanwhile, brand new stores and reload shops in the mainland market will also play a role.

For Wu Yifan's endorsement, Tang Xiaotang commented that luxury goods and fashion industry had entered the "magic" in the publicity of the mainland image, and social media as a priority option.

Although entertainment stars can harvest their attention, they all come from celebrities and will not turn into real brand attention.

According to the world clothing shoes and hat net, the number of forwarding and comments of Burberry Sina micro-blog operated by Boboli (Shanghai) Trading Co., Ltd. is mostly single digit and ten digit. On the contrary, micro-blog forwarding with Wu Yifan correlation is basically over 10000.

Tang Xiaotang said that not only is the data corroborated, but the mainland market does not really have the ability to sell stars, and the market performance is still dominated by economic fundamentals.

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No Agency predicts that in the three quarter, Burberry PLC bobury will earn 724 million pounds, and the real exchange rate will increase by 20%.

As the only traditional luxury brand in the UK, the results of the EU referendum in the short term played an important role in the recent performance of Burberry PLC Boboli group.

According to the world clothing and shoe net, the British Pound's luxury market is thriving in the second half of 2016.

In November, the consumption of duty-free goods increased by 41% in the United Kingdom, and 1/4 of the mainland tourists in China increased by 63% in November. While the number of duty-free goods increased by 88% in the United States in the month of November, the increase in duty-free consumption in Hongkong was 127%. The highest growth rate was 160% for Taiwan tourists, but the share of tourists in the duty-free market in the UK was only 1%.

According to the world clothing and shoe net, in the first half of fiscal year 4-9, in 2016, in the first half of fiscal year 2017, the median profit of Burberry PLC & amp; Bo Bailey group plunged 24%, due to the decline in authorized revenue and the downturn in the two largest markets in Hongkong and the United States.

The group's revenue in the first half of fiscal year increased 4.9% to 1 billion 158 million 500 thousand pounds, and it dropped 4% after excluding the exchange rate effect.

Retail revenue rose by 11% to 859 million, while the fixed exchange rate increased by only 2%.

The two quarter benefited from the depreciation of the British pound, which helped boost sales in the UK by 30%. The overall same store sales increased 2%, basically offset the 3% decline in the first quarter, making the same sales in the first half of the year flat.

The most important performance of the UK group in the Asia Pacific region was still low, with a record of 410 million in the first half of the year, with an increase of 8.8% in the same period of 3.77. However, it still contributed mainly by the exchange rate, with a 1% decline in the income of the fixed exchange rate, of which the Hong Kong and Macao market fell.

The EMEIA region also benefited from the depreciation of the British pound and the market in the first half of the year, which recorded a 1% fixed exchange rate growth, a real increase of 9.6%, from 416 million pounds in the same period last year to 4.56 billion billion pounds, of which the British market sales of sterling depreciated by 30%.

The Americas market was extremely depressed. In the first half of the year, it recorded only 280 million pounds, down 2.1% from 2.80 billion pounds in the same period last year, and the fixed exchange rate dropped by 12%. The decline in the American market was mainly due to the weakness of wholesale outlets and the decline in the consumption of tourists in the market.

Carol Fairweather Fairweather, chief financial officer of Burberry PLC Boboli group, said earlier that the group did not plan to raise its price in the UK market. It was because of the depreciation of the pound that Chinese consumers in the two quarter went up to 20% in the UK, and the number of tourists from the United States also increased during the same period.

In addition to children's clothing business, Burberry Group PLC Boboli did not have any positive business in the first half of the year.

Due to the sluggish wholesale performance in the first half of the year, the Burberry PLC Bob group also lowered its forecast for the second half of this year, from 10% to 15%, while retail revenue is expected to have low single digit growth in the second half of the year.

The group also said that the profit from the retail and wholesale business benefited from the depreciation of the pound and the magnitude of the depreciation of the pound, which will expand to 125 million pounds from the previous 9000 pounds.

Like the whole industry, the group rebounded on the mainland market in the 7-9 quarter of two. The same store sales growth recorded in the median figure has been the best in the past year, but it has not been able to offset the double digit sales decline in the Hongkong market.

Analysts believe that the trend of Burberry PLC boboley on the mainland is significantly weaker than that of LVMH SE (MC.PA), Kering SA (KER.PA) Kai Yun group and Herm s s International s (LVMH), Hermes international, and most luxury groups have achieved better performance than the market expectations in the past one or two seasons.

The weakness of the European market is mainly due to the sharp contraction in the consumption of tourists from China and the Middle East. The number of same store sales in the US market has dropped, and the strength of the US dollar has weakened the consumption desire and purchasing power of tourists.

In the first half of the fiscal year, the group closed 13 main stores and counters, most of which are reflected in the ongoing upgrading of store networks in China, Korea and the Middle East.

More interesting reports, please pay attention to the world clothing shoes and hats net.