Style

Burberry published an annual report stating that the brand has destroyed unsold products worth £ 28.6 million. In recent years, this figure has increased: in 2017 it was £ 26.9 million, and in 2016 - £ 18.8 million. Chief Financial Officer Burberry Julie Brown said that the figure grew due to cosmetics - the line was sold to the cosmetics company Coty, so the products were destroyed. The report caused questions from investors Burberry: getting rid of unnecessary goods says that the executive director Marco Gobbetti and creative director Ricardo Tishi have not yet developed the optimal strategy for the development of the brand, besides, the destruction of goods has a negative impact on the environment. However, Julie Brown stressed that Burberry handles the leather products of the company Elvis & Kresse, which is engaged in their processing.