1. Belgian Activist Investor Hikes Burberry Stake as Overhaul Starts

    Belgian Activist Investor Hikes Burberry Stake as Overhaul Starts

    (Reuters) - Belgian billionaire Albert Frere has raised his stake in Burberry ( BRBY.L ) from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns. The exterior of a Burberry store is seen in central London, Britain, November 3, 2017...

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    1. The news should reinstate some confidence amongst investors, confirming our view that despite the short-term downside risks to earnings, the company is on the right path to long-term success.
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