Burberry to cut 1,700 jobs worldwide after reporting €78m loss

Company will "ramp up" marketing, which have recently featured Irish actor Barry Keoghan as brand ambassador

Burberry ambassador Barry Keoghan. Burberry has unveiled plans to axe nearly a fifth of its global workforce in a bid to slash costs and return to profit.

Burberry has unveiled plans to axe nearly a fifth of its global workforce in a bid to slash costs and return to profit.

The London-based luxury fashion brand has announced proposals to cut about 1,700 jobs worldwide over the next two years.