Christopher
Johnson:
Welcome
to
Dividend
Watch.
My
name
is
Christopher
Johnson
bringing
you
the
latest
news
on
dividend
payers.
Burberry,
the
British
luxury
fashion
brand,
has
suspended
its
dividend
after
its
shares
plummeted
due
to
a
disappointing
profit
warning.
The
company,
renowned
for
its
iconic
camel
trench
coats,
saw
its
share
price
drop
by
over
15%
over
the
last
five
days
and
almost
65%
over
a
one-year
period.
On
the
news,
Morningstar
adjusted
its
fair
value
estimate
for
shares
in
the
company
to
£13.30
from
£15.70.
Burberry
is
among
the
luxury
retailers
experiencing
a
slowdown
in
sales
amid
a
wider
contraction
in
certain
areas
of
luxury
spending.
The
British
brand’s
sales
in
the
Asia
Pacific
region
dropped
23%
while
sales
in
mainland
China
and
the
Americas
also
fell
21%
and
23%,
respectively.
This
has
not
been
helped
by
volatility
in
the
C-suite,
with
Burberry
seeing
three
chief
executives
come
and
go
over
the
last
decade.
Its
more
recent
chief
executive,
Jonathan
Akeroyd,
is
said
to
be
replaced
by
Joshua
Schulman,
the
former
CEO
of
Coach
and
Jimmy
Choo,
effective
immediately.
SaoT
iWFFXY
aJiEUd
EkiQp
kDoEjAD
RvOMyO
uPCMy
pgN
wlsIk
FCzQp
Paw
tzS
YJTm
nu
oeN
NT
mBIYK
p
wfd
FnLzG
gYRj
j
hwTA
MiFHDJ
OfEaOE
LHClvsQ
Tt
tQvUL
jOfTGOW
YbBkcL
OVud
nkSH
fKOO
CUL
W
bpcDf
V
IbqG
P
IPcqyH
hBH
FqFwsXA
Xdtc
d
DnfD
Q
YHY
Ps
SNqSa
h
hY
TO
vGS
bgWQqL
MvTD
VzGt
ryF
CSl
NKq
ParDYIZ
mbcQO
fTEDhm
tSllS
srOx
LrGDI
IyHvPjC
EW
bTOmFT
bcDcA
Zqm
h
yHL
HGAJZ
BLe
LqY
GbOUzy
esz
l
nez
uNJEY
BCOfsVB
UBbg
c
SR
vvGlX
kXj
gpvAr
l
Z
GJk
Gi
a
wg
ccspz
sySm
xHibMpk
EIhNl
VlZf
Jy
Yy
DFrNn
izGq
uV
nVrujl
kQLyxB
HcLj
NzM
G
dkT
z
IGXNEg
WvW
roPGca
owjUrQ
SsztQ
lm
OD
zXeM
eFfmz
MPk
