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Burberry hit by US slowdown ahead of executive reshuffle at the firm
Group comparable sales up 2% in Q4, below analysts' average forecast of 4% and previous quarter's 3%
The slowdown at Burberry, known for its classic trench coats, comes as the group embarks on a managerial and operational restructuring designed to bring its sales performance up to the levels of rivals.
PHOTO: AFP
London
BRITISH luxury brand Burberry on Wednesday reported a slowdown in quarterly sales growth as tough trading in the United States checked recent gains driven by a weaker pound and showed the problems facing its new chief executive.
Shares in the fashion house, led by designer...
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