Burberry to revamp retail setup following 10% profit fall

London

BRITISH luxury brand Burberry said that it would overhaul its retail operations and simplify its product range after full-year profit fell 10 per cent in a tough market that is set to persist this year.

The group, famous for its trench coats, said that it expected profit to come in towards the bottom of market forecasts for the year to March 2017, and be more weighted to the second half than last year.