All hail Burberry! Queen Elizabeth II herself has her sights set on the luxury brand, awarding their creative director, Christopher Bailey, with a Member of the Order of the British Empire (MBE) award during her 2009 Birthday Honours List on the weekend.
And the good news doesn’t end there. Their CEO Angela Ahrendts said recently in a Bloomberg article that luxury demand is “stabilizing.” She continued on to state that things are, “not getting any worse, they’re not getting significantly better.”
This promising announcement comes after Burberry reported a full-year loss last month due to product discounting and writing off the value of its business in Spain.
Long live Burberry’s new-found stability. And congrats to Bailey, who already ruled in our kingdom.