Burberry to revamp retail setup following 10% profit fall
Thu, May 19, 2016 - 5:50 AM
Burberry has been hit by a slowdown in Chinese tourists visiting its stores in Europe, and weak demand in Hong Kong.
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...