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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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