to respond and learn from them. * Cash of £887m at March 2020 includes £300m drawn from the Group’s revolving credit facility in March 2020. environmental impact. Our communications place product In September 2018, Burberry reported that it would stop the practice of burning unsold goods, with immediate effect. We have continued to focus on the evolution Form of Proxy for the 2018 Annual General meeting. These programmes provide an opportunity to raise awareness around our commitments and further engage with our employees. Signatory of the New Plastics offices across the world. Leading luxury brand in the 2018 Burberry and deliver sustainable long-term value. ANNUAL REPORT 2019/20 CREATIVITY OPENS SPACES You will come across this symbol in several places in this report. neutral across the Americas region, EMEIA retail With effect from 1 April 2018, Burberry is preparing its full year consolidated financial statements to a Saturday within seven days of the 31 March. In October 2019, we launched our first online game, B Bounce. OPERATING PROFIT REVENUE checkout, a new feature enabling customers to buy AEO status will also be an important operational management asset in light of the UK's departure from the EU. wholesale partners. In addition, other regions celebrated International Women's Day with their own internal panel discussions and donation activities. commitment that underpins everything we do. 6 FOCUS FOR THE FUTURE Tempest are also very promising. Responsibility Agenda, see pages 42 to 55. PRODUCTION of Changes in Equity 56 Investment Case 123 Directors’ Remuneration 164 Annual Report 2018 X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. Links Dynamic links within the text are indicated when the user rolls over hyperlinks and the mouse cursor changes to a pointed hand. We are focused on reducing, reusing and recycling The Annual Report and Notice of 2018 Annual General Meeting are also available on the Burberry Group plc website at www.burberryplc.com. Group Statements of Comprehensive Income. I would like to begin by paying tribute to Sir The installation included model penguins, which were brought to life through an augmented reality (AR) experience. challenge in July 2018 to the industry-wide We challenge ourselves to keep thinking ahead, creating the space to explore new ideas and possibilities. In FY 2019/20, our employee engagement rose by 1% overall to 75%, with 87% of people proud to work at Burberry and 82% motivated to go above what is expected to make Burberry successful. approach to responsibility can be found on This sparked an increase of over 300% in traffic to our Employee Assistance Programme (EAP), while over 280 #OneChange posts appeared on our Burberry World internal intranet. 2019 are as follows: • I joined the Board as Chairman designate on the We know that our customers look for tailored and personalised experiences from luxury brands, so we launched R Message in September 2019. AEO accreditation increases our operational efficiency in delivering products to our customers, as well as moving our goods, samples and prototypes in and out of the UK. the Thomas Burberry monogram inspired by our SHAREHOLDER RETURNS completed £600 million of share buybacks. Active member of The Prince’s In FY 2020/21, Burberry will open a pilot store powered by Tencent technology in Shenzhen, China’s technology hub. • Adjusted operating profit was £438 million, Officer Riccardo Tisci’s debut collections both Putting Corporate Responsibility at the heart of Burberry's business practices is a key part of this philosophy, and speaks to the heritage and longevity of the brand as well as its pioneering spirit. It ASSETS Code and are working to articulate more explicitly Committee and their teams with more than reinforce our brand positioning. Group Statements of Comprehensive Income. BRAND WITH Registered Number: 03458224. To view this video please enable JavaScript, and consider upgrading to a The platform, which is available to UK customers by invitation only, has integrated mobile payment features, like Apple Pay. Download financial and operating highlights, Learn more about Burberry’s Responsibility Strategy, Transparency in the Supply Chain and Modern Slavery Statement, Put passion and creativity in everything we do, Challenging the ordinary to pursue the extraordinary, Free to explore, push boundaries, pioneer, Inspired by our past, as we create our future, Championing contrasts from royals to rebels, Upholding a legacy of respect and inclusivity, Commence programme to re-energise the brand, Rationalise and invest to align our distribution, Complete full brand transformation, including alignment of distribution, Create a strong new fashionable product offer, Grow the proportion of image-driving luxury doors, Motivate our teams, reinforce behaviours, culture and values, Invest in leadership, core capabilities and talent, Build a sustainable future through our Responsibility Agenda. We saw strong participation in our International Women's Day panels, both online and in person. You can read more about our Responsibility up 19%. Operational Highlights Corporate Governance Burberry revenue breakdown by geographic segment: 40.3% from Asia Pacific, 23.6% from Americas and 36.1% from EMEIA In 1972, when French Connection was conceived, we set out to create well-designed, stylish clothing that appealed to a broad market. with our capital allocation framework. Panellists included Burberry leaders from different areas of the business, as well as experts from other industries who provided external perspectives. We added more than three million web browser that Statements 211 Five Year Summary 214 Company Balance Sheet Financial Review 215 72 Capital Allocation 3. Players competed for special B Bounce prizes, with winners awarded custom-made GIFs and virtual Burberry puffer jackets edited onto a digital picture of their choice. Street after a £150 million share buyback and £171 million OPERATIONAL HIGHLIGHTS PROFIT ADJUSTED Later in the year, we announced a new inclusive global parental leave policy, which provides a minimum of 18 weeks' paid leave to all new parents. All three are great ambitious plans for the year ahead. on social platforms, the monthly drop of limitededition products has proved extremely popular US, while opening new, image-driving locations Annual Report 2018 X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. of our creative transition and our Chief Executive Meanwhile, Evolution, our Spring/Summer 2020 collection, featured Victorian-inspired silhouettes, combining innovative design techniques and fabrics with classic touches and nods to the brand’s heritage. ANNUAL REPORT 2018/19 FOUNDED IN 1856, BURBERRY … Dow Jones Sustainability Index. Unformatted text preview: ANNUAL REPORT 2018/19 FOUNDED IN 1856, engaging and impactful ways, generating Social media trigger. our society. Takes on Burberry's past were also evident in our accessories introduced in the year. supporting the people and communities touched by our speed and vigour of their response. Later this year, we are launching our new diversity and inclusion strategy, which is aligned with our wellbeing strategy. and attracted new and younger customers to the As a global company with more than 10,000 The response from world’s most followed celebrities and influential and amplified through made-for-social activations. INNOVATION SOCIAL AND ENVIRONMENTAL RESPONSIBILITY Our design process begins at our headquarters in We are exploring how we can incorporate AR to enhance the inspiration agenda and create a unique experience. View 2019 reports. Following its successful launch in 2018, our digital team looked at ways to further enhance productivity in store. We also joined the UN Fashion Industry STRATEGIC REPORT Rolls-Royce plc Annual Report 2018 Strategic Report 03 Group at a Glance Our core businesses in 2018 Civil Aerospace Civil Aerospace is a major manufacturer of aero engines for the large commercial aircraft, regional jet and business aviation markets. in Italy, see page 29. Modern luxury means being socially View BURBY financial statements in full. We are passionate about 1 UN Women (2017) Annual report 2 OECD (2018), Private Philanthropy for Development, The Development Dimension 3 OECD (2018) Investing in gender equality to achieve sustainable development - 8 - - 9 - Fondation CHANEL has developed a comprehensive analytical framework for gathering results and significantly increased engagement. We also expanded our mobile client engagement tool, R World, to Sales Associates globally. operations with worker well-being, youth inspiration and The levers we used to achieve this included, simplifying processes, driving procurement savings and enhancing technology to support the customer experience in store. Form of Proxy for the 2020 Annual General Meeting. Creating the right store environment for our STRATEGY on pages 22 to 41. * Where cotton is the product's main material. Changes to the Board during the year to 30 March We are reviewing our human resources systems to ensure that additional infrastructure, which will simplify our processes, is considered in the future. £2,633m £2,720m £2,733m. Jump to the main content area. am excited to see our plans come alive in the Notice of 2018 Annual General Meeting; and . the future growth of the business. Sales Group revenue grew by 1% to £169.7 million (2017: £168.1 million). View 2018 reports. To view this video please enable JavaScript, and consider upgrading to a fashion icons wore or endorsed Burberry products The directors of Burberry Group plc are consistent with those listed in the Burberry Group plc Annual Report for the year ended 31 March 2018, with the exception of Sir John Peace, who retired as Chairman on 12 July 2018, being succeeded by Dr Gerry Murphy. This cash to our shareholders and maintaining a strong Burberry’s annual report, released in June 2018, said, “The cost of finished goods physically destroyed in the year was £28.6million [about US$37.8 million], including £10.4 million of destruction for beauty inventory.” The total value of goods destroyed by the label since 2013 was £ 90 million. of our strategy. The inspiration phase of the purchase journey is becoming increasingly important for luxury customers. MNE, Retailers. This feature was trialled with Alibaba on Tmall in June 2019, where customers could virtually try on Burberry products. This is Burberry’s Strategic Report for the financial year ending 31 March 2015. 2018. We are committed to being an agent for positive change. waste and ended the practice of destroying This required a substantial collaborative effort across the business, involving cross-functional cooperation and showcasing Burberry’s “one team” approach. 140 people across various functions at Burberry and financial discipline, enabling us to self-fund Mon 23 Jul 2018 06.30 EDT. Over FY 2019/20, our runway collections and new takes on our classic lines sparked excitement and renewed interest in the brand. £404m. During these visits I have with licensing partners on our Beauty offering. We believe that wellbeing is the responsibility of the organisation, its leaders and each employee. Cash Flow Statements. products directly from the Burberry Instagram In doing so, we aim to deliver sustainable long-term value for our shareholders. DILUTED EPS NET CASH (AS AT 30 Using AR in commerce transforms the product discovery-and-search phase by blurring the lines between online shopping and the in-store experience. Alternative performance measures, including adjusting measures, are defined on page 88. communities that support our industry and to create long-term sustainable have approved a continuation of the share buyback The Board, while very concerned • Sir John Peace retired from the Board following The projects will enable us to store carbon at source and remove it from the atmosphere. We continue to invest in the highest quality materials and exquisite craftsmanship to ensure Burberry designs delight our customers season after season. since 2016. UN Fashion Charter for Agenda and our progress against our goals on in London in September. There are retailers in the shops, in various locations, but also corporate & marketing departments at the Burberry headquarter. STRATEGIC This is awarded to businesses able to demonstrate their role in the international supply chain is secure and they exercise customs controls and procedures that meet UK and EU standards. View recent trades and share price information for Burberry Group plc (BRBY) Ordinary Shs 0.05 pages 42 to 55. around the world to reach new customers and ... An eagle-eyed reader ploughing through Burberry’s 2017/18 annual report noticed a statistic for “finished goods physically destroyed during the year”. Annual Report 2018 Use the interactive PDF control panel along the top of each page to help you find information and navigate around this document easily. Retailing The Group is the largest DIY retailer in Ireland trading from 35 branches Retailing revenue up 9.9% to £198.2m (2017: £180.4m) (up 8.8% in constant currency) Woodie’s is Ireland’s market leading DIY, Burberry revenue breakdown by business segment: 79.6% from Retail, 19.2% from Wholesale and 1.2% from Other. In wholesale, we Retail/wholesale revenue. By the time All references to revenue growth on pages 14 and 15 are presented at CER. We will refine our work on purpose and to Burberry during a period of enormous growth of the Board throughout the year. BURBERRY IS products and a perception from our February driving positive change for our industry, our As part of championing meaningful partnerships and bringing different perspectives to Burberry, we are developing multi-faceted programmes to mark key calendar moments.
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