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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…
New Yorkers Accused Of Stealing $20K Of Merchandise From Fairfax County Retailers: Police
A retail theft crew who took the trek from New York to Virginia to steal more than $20,000 in merchandise has been apprehended in Fairfax County, authorities announced.
Henry Rozo-Olarte, 50, Maria Garcia-Casallas, 55, and Angelica Velasquez Grajales, 42, all of New York, are facing a host of charges after being busted with thousands of dollars in stolen items by the department's Tysons Urban Team.
Earlier this week, detectives were called to the 8300 block of Leesburg Pike in Tysons to probe a reported robbery, where the three were found with an estimated $1,700 of stolen merchandise.…