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The company says it will focus on luxury leather goods and accessories to attract new customers, and build on the strength of its apparel.
Burberry's top creative officer will leave the iconic luxury goods makers at the end of 2018.
Shares climb after increased stake revealed.
European benchmarks held gains much of Thursday.
European stock benchmarks moved sharply higher Wednesday as investors responded to dissipating political risks and a seemingly brighter outlook for the U.S. and economies across Europe.
European stocks ended Monday's session with little change as benchmarks rose and then retreated to last week's levels amid ongoing concern over the political developments in the United States.
The tech giant's head of retail says she wants to create a 'modern-day town square.'
Burberry Group overcame retail's gloom.
Hermes International traded higher Thursday after a strong set of first-quarter earnings that added to the gaining momentum of the luxury sector that has seen many houses report double-digit growth.
Kering shares hit an all-time high on Wednesday in Paris after the French luxury goods house reported a record performance in the first three months of the year.
Shoppers have been snapping up accessories, especially leather goods, boosting the earnings of many luxury houses.
Burberry's second-half earnings were dragged down by closures in the U.S. department stores, the company said Wednesday, sending shares to a three-month low.
European stocks posted modest gains in early Wednesday trading, powered by solid auto sector sales and a improving corporate sentiment.
Your round-up of the financial news from around the world.
Burberry posted weaker-than-expected second half sales growth Wednesday and a slowdown in fourth quarter activity linked to a "challenging environment" in North American markets but held its 2017 profit targets.
A deal for the Mouse House would solve several of Apple's major problems, but pulling off a mega-deal like this wouldn't be easy.
Kate Spade shares crash on reports it needs more time to consider a Coach takeover bid.
Burberry stock gained on Monday morning in London after it said it was teaming up with beauty product manufacturer Coty.
This fashion stock is poised for long-term growth.
China's renewed demand for luxury and growing love of sports brands should drive growth over 2017, but not all brands will profit equally.
The stock is up on new details of a potential takeover.
China sees full-year GDP grow at its slowest rate in more than a quarter of a century.
Burberry sees sales in the U.K. spike 40% on a lower pound since the Brexit vote.
Burberry said Wednesday that group revenue rose more than 20% on a reported currency basis in the three months ending in December.
The French broker singled out Hugo Boss, Ferragamo and Burberry for a strong first half, but warned of hightened risk as the year progresses.
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