LONDON — In what could be a harbinger of tougher times ahead for the luxury sector, Burberry Group plc reported a slowdown in sales growth for the first quarter, citing “a more challenging external environment.”
On Wednesday, Burberry shares closed down 7.4 percent to 11.89 pounds, or $18.43 at current exchange, after the company said in a trading update that revenue in the three months to June 30 climbed 11.2 percent to 408 million pounds, or $644.6 million at average exchange rates for the period.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"