It was only days ago we reported that Burberry had moved into new digs and it was great to talk about something positive.
Well no surprise that the good news doesn't always last long and in the case of Burberry they have had something of a contrast in their recently reported news. So what do you want to hear first, the good news or the bad news? The good news is Burberry reported a 30 percent rise in third-quarter revenues... The bad news is they are planning to terminate the Thomas Burberry line, close a factory and divest of more than 500 staff in Spain and the U.K. Read more on this in WWD or CNN