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PARIS (Reuters) -The slowdown in the luxury market following a post-pandemic boom could not come at a worse time for Burberry, with designer Daniel Lee's first styles for the British label trickling into newly refurbished stores. Executives cautioned on Thursday that they would struggle to meet Burberry's annual revenue forecast, pointing to a darkening macro economic climate across the globe and capping off a tumultuous reporting season for the sector. Shoppers in the United States and Europe have grown cautious about splashing out on high-end purchases as the cost of living rise...

By Mimosa Spencer PARIS (Reuters) - The slowdown in the luxury market following a post-pandemic boom could not come at a worse time for Burberry, with...

LONDON: Britain’s Burberry said it was being hit by a global slowdown in luxury spending and it would struggle to...

Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts

Burberry has warned that the global slowdown in demand for high-end goods is hurting its performance and that it is unlikely to hit full-year guidance if the tr