Burberry 'confident' in Saks Global leadership, CEO says

Reuters
Jan 21
Burberry 'confident' in Saks Global leadership, CEO says

Jan 21 (Reuters) - Burberry BRBY.L Chief Executive Joshua Schulman declined to comment on the luxury brand's exposure to bankrupt Saks Global but said that the British company was "very confident" in the new leadership at the high-end department store conglomerate.

"Saks Global is a very important customer of ours, but we also have other important customers in the market," Schulman told analysts on a post-results call.

The company is of the global luxury brands listed as one of Saks Global's unsecured creditors.

Chanel, Kering top luxury who's who of Saks Global unsecured creditors ID:nL8N3YF0OJ

(Reporting by Pushkala Aripaka in Bengaluru and Helen Reid in London; Editing by Mrigank Dhaniwala)

((pushkala.a@thomsonreuters.com; X and LinkedIn: @pullthekart;))

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