Why Burberry Shares Are Down the Most in Almost Four Months

Burberry shares are experiencing a significant drop due to the sale of a 6.6% stake by major shareholder Albert Frere of GBL. This sale, conducted through Goldman Sachs, is part of GBL's portfolio rotation strategy. Despite the sale, analysts like Berenberg suggest that the fundamentals of Burberry remain strong, and the recent rally in stock prices is supported by both short-term and long-term buyers. The fashion house has seen significant changes, including the appointment of Riccardo Tisci as creative director, which has influenced market perceptions and stock performance.

Who is the major shareholder selling their stake in Burberry?

• Albert Frere of GBL

• Warren Buffett of Berkshire Hathaway

• Elon Musk of Tesla

• Jeff Bezos of Amazon

What method did GBL use to sell its Burberry shares?

• Stock market listing

• Direct sale to another company

• Private placement with Goldman Sachs

• Public auction

What was the market's reaction to the sale of Burberry shares?

• The stock price increased significantly

• The stock price was unaffected

• The stock price remained stable

• The stock price dropped to the 200-day moving average

Who was appointed as Burberry's new creative director?

• Christopher Bailey

• Marco Gobbetti

• Riccardo Tisci

• Tom Ford

What is the potential implication of GBL's sale on Burberry's brand strategy?

• It confirms the brand's long-term success

• It indicates a potential issue with the brand strategy

• It has no impact on the brand strategy

• It suggests a successful turnaround