Burberry is aiming to slash 18% of its global workforce by 2027 as it looks for ways to cut costs and revive its ailing business.

Burberry Thursday outlined a new strategy that will focus on scarves and the outerwear such as trenchcoats it is known for as the British luxury group reels from a sharp quarterly loss.

Burberry attributed the uptick in sales to a number of factors, including a focus on scarves, outerwear and other core ...

The luxury giant's share price rose more than six per cent in early trades. It has risen nearly 20 per cent in the last month ...