By  on January 24, 2019

LONDON — Like many of its peers, Burberry is bracing for a no-deal Brexit, although if the scenario comes to pass it won’t be pretty, the company said as it reported a small dip in third quarter retail sales to 711 million pounds.

In a frank exchange with journalists on a call, Burberry’s chief operating and financial officer Julie Brown said the company was taking “mitigating actions” in preparation for a no-deal Brexit, which would see the U.K. quit the European Union with zero clarity on trade and its future relationship with the region.

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