Burberry holiday sales miss estimates as CEO pushes brand's facelift

Paris

BURBERRY Group's holiday sales fell short of estimates as chief executive officer Marco Gobbetti began implementing his plan to give the UK-based trench-coat maker a high-fashion facelift.

Retail revenue rose 2 per cent on a comparable basis for the quarter ended Dec 31, the London-based company said on Wednesday, missing the 4 per cent growth predicted by analysts in a Bloomberg News survey.