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.

What significant change occurred in Burberry's design leadership?

Evaluate responses using AI:

OFF

How long did Christopher Bailey serve as the head of Burberry's creative department?

Evaluate responses using AI:

OFF