Burberry to cut 500 jobs worldwide in £55m cost-saving drive

Plan, which includes 150 UK head office posts, comes as sales slump in Covid-19 crisis

Spanish Puig snaps up Charlotte Tilbury makeup empire

Barcelona-based firm is thought to have fought off bids from Unilever, L’Oréal and Shiseido

Burberry cancels dividend after sales plunge 27%

Luxury brand axes payment to shareholders worth about £120m amid Covid-19 crisis

Charlotte Tilbury eyes £500m payout as makeup firm goes up for sale

Unilever and L’Oréal reportedly in running to buy beauty and skincare firm