Burberry faces questions on tariff setbacks

By CITY & FINANCE REPORTER

Updated: 21:50 BST, 11 May 2025

Burberry will face questions this week over whether its turnaround has been thrown off course by Donald Trump’s tariffs.

The luxury brand’s chief executive, Joshua Schulman, has been battling to restore investor confidence amid a slump in sales and profits.

Burberry had been pinning its recovery hopes on more wealthy Americans splashing out on expensive clothes and accessories. 

The industry is also looking for signs of a rebound in demand from China. 

Setback: Burberry had been pinning its recovery hopes on more wealthy Americans splashing out on expensive clothes and accessories

But the share price has slumped by a third over the past 12 months and took a hammering after the US President’s ‘Liberation Day’, where he implemented tariffs on foreign imports.

Burberry reports its numbers on Wednesday. Analysts predict it will have made a £7m loss for the year to the end of March, with sales tumbling 12 per cent to £2.5billion.

DIY INVESTING PLATFORMS

AJ Bell

AJ Bell

Easy investing and ready-made portfolios

Hargreaves Lansdown

Hargreaves Lansdown

Free fund dealing and investment ideas

interactive investor

interactive investor

Flat-fee investing from £4.99 per month

InvestEngine

InvestEngine

Account and trading fee-free ETF investing

Trading 212

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

:
Burberry faces questions on tariff setbacks

***
Read more at DailyMail.co.uk