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Burberry Laying Off 1,700 Workers As High-End Fashion Designer's Sales Plunge
Burberry is cutting more than 1,500 jobs worldwide after the British luxury fashion brand saw a steep drop in profits.
The company will lay off about 1,700 workers by 2027, Burberry said in an earnings report on Wednesday, May 14. The job cuts are part of a broader restructuring plan, aiming to save 100 million British pounds.
The cuts will come from operational expenses, including procurement, real estate, and staffing. Burberry said the changes are "subject to consultation where applicable."
The layoffs follow a difficult year for Burberry, which reported a 94% drop in adjusted oper…
CT Man Sentenced For Role In Northeast Grab-Go Theft Scheme
A Connecticut man has been sentenced to 15 months in prison for participating in an extensive commercial larceny spree.
Andres Barclett, aka "Coolie", age 27, of Hartford, was sentenced on Wednesday, Dec. 1, followed by two years of supervised release, said Leonard C Boyle, Acting US Attorney for the District of Connecticut.
This case stems from “Operation American Steal,” a long-term multi-agency investigation into numerous “grab and go” thefts from various retail fashion stores in Connecticut and nearby states," said Boyle.
A “grab-and-go” scheme is a type of theft where one or mor…
8 Connecticut People Charged In Five-State, Retail Crime-Spree
Eight Connecticut people who allegedly went on a five-state, retail-stealing crime spree have been indicted on six charges the U.S. Attorney's Office Connecticut announced Thursday, Oct. 1.
.The eight people accused of robbing multiple retailers using a grab-and-dash method are:
Paige James, aka “Ishaya James,” 27, of Hartford
Jahlil Parrott, aka “Stretch,” 23, of Windsor
Andres Barclett aka “Coolie,” 26, of Hartford
Aysia Ryan, 21, of Windsor
William Tisdol, 20, of Hartford
Jordan Braithwaite, 23, of New Britain
Jezenia Miller, 21, of Hartford
Tashanique Blizzard, 25, of Hartford.
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