Britain's Burberry bruised by slowdown in luxury spending
Rising inflation and economic uncertainty have curbed shoppers' appetite for luxury
Source: dunyanews.tv
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Burberry Warns on Fiscal 2024 Profit, Revenue Targets Due to Slowdown – WWD
Burberry might not meet its growth target for 2024, and adjusted operating profit may be at the “lower end” of projections due to the luxury slowdown.
Source: wwd.com
Burberry shares nosedive on slowdown in luxury goods demand
Burberry shares sank by more than 10% on Thursday morning as the iconic fashion business warned of a slowdown in global luxury goods demand.
Source: thisismoney.co.uk
Burberry Shares Fall After Warning of Slowdown in Luxury Spending
By Michael Susin Burberry shares were the FTSE 100's worst performer in early trading after the group warned a global slowdown in luxury demand is hurting...
Source: marketwatch.com
Burberry boss hits out at Sunak over tourist tax
Luxury retailer suffers slowdown amid refusal to reinstate VAT-free shopping in Britain
Source: telegraph.co.uk