Burberry is widely seen as a takeover target. Recent media reports that Italy’s Moncler was preparing a bid had boosted the stock. Schulman, asked if Burberry was for sale, told reporters he would not ...

Burberry recently dropped out of the FTSE 100, with its shares falling to their lowest level since 2009 earlier this year.

Troubled British fashion house Burberry on Thursday announced cost-cutting plans after posting a loss, with the global luxury ...