Burberry checks right boxes on path to turnaround

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Strong demand for Riccardo Tisci’s new collections has helped Burberry offset disruption in Hong Kong. Though sales there may stay under pressure, teaming up with Tencent to help a push into mainland China may offer some protection, says LJucca:

British luxury brand Burberry on Nov. 14 reported revenue of 1.3 billion pounds for the 26 weeks ending Sept. 28. That was up 3% from a year ago at constant exchange rates, helped by demand for designer Riccardo Tisci’s new collections.

Comparable store sales rose 5% in the second quarter compared with a year earlier. That was a pickup from the 4% increase reported for the first quarter.

 

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