Just a brief one- this article today in the Guardian shows that Burberry has reported a 19% rise in sales for six months up until March 2007. Supposedly the reason for this is the growth in demand for their 'luxury handbags' which no doubt only the rich and famous can afford, or women with very large credit card debts! ( the bag pictured is a hefty £1,150. Think what Plaid could do with that kind of money?!)
And the reasons for this growth, according to Burberry?
'The significant investment initiated during this financial year to enhance the luxury component of the brand, advance retail expansion and evolve our operating model is driving accelerated growth across all three channels: retail, wholesale and licensing."
The workers of the late Rhondda Burberry factory will no doubt read from the phrase evolving of the operating model to mean closing factories, making people redundant in Wales, and moving jobs elsewhere.
You know how to rub it in, don't you Burberry!
3 comments:
Hi Bethan, thanks for the link to my blog. It's Sanddef Rhyferys though, not Rhyfyrs. Ive also got a new homepage address: http://www.ordovicius.com/
;-)
And today's news that Burberry will only make £1.5million from shutting its Treorchy plant (1% of its annual profits) must be another smack in the face for the redundant workers.
I can't help feeling the massive profits announced yesterday, and referred to in your post, are embarrassing for those behind the campaign to discredit Burberry in the run-up to closure last month.
At least they secured a better financial pay-off for the workers, but it still seems like it was a rather pointless exercise.
I can't help feeling the massive profits announced yesterday, and referred to in your post, are embarrassing for those behind the campaign to discredit Burberry in the run-up to closure last month.
yes janet street porter and the like should be ashamed. Your point about the 1% profit from moving Burberry is also no comfort to the workers.
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