×
1 050
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
SHISEIDO
Finance Analyst
Permanent · London
SHISEIDO
Area Sales & Education Manager | Central South England (Ftc)
Permanent · Reading
Published
Sep 10, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Burberry raises new funds to boost sustainability drive

Published
Sep 10, 2020

Many companies are raising cash at present but this week, Burberry has taken a new approach to doing do and tapped debt markets for the first time in its history but in a way that focused on ethics and sustainability.


Burberry



It launched a sustainable bond to help its liquidity, but also stressed that the money will be ring-fenced to be used to boost its eco drive.

As well as being the first sustainability-labelled bond issued by the company, it’s also a first for a luxury business. 

The company has a heavy focus on ethics and sustainability. Since a scandal in 2018 that showed it was burning tens of millions of pounds worth of unsold stock, it has doubled down on its eco activities and this bond adds to that process.

Burberry said it will diversify the firm’s sources of funding, "introducing long-term financing into the company’s capital structure".

The business has applied to be rated by Moody’s and expects the bond to be rated Baa2 (Stable Outlook).

But is this a sign of a company in dire need of cash? Not really. The company said it “has a conservative capital allocation policy and already holds substantial liquidity”. 

Following the outbreak of Covid-19, earlier in the year, it drew down its £300 million revolving credit facility (RCF) and issued £300 million of short-dated commercial paper under the Bank of England’s Covid Commercial Financing Facility (CCFF), with a maturity in March 2021. The RCF drawings were repaid in full in the first quarter of its latest financial year.

Copyright © 2022 FashionNetwork.com All rights reserved.