Brexit is causing this British luxury brand to slash prices in Hong Kong

Bobby Yip British luxury brand Burberry has cut Hong Kong and mainland prices of its leather handbags by up to 20 per cent in a low profile move, as the pound depreciates in the aftermath of Brexit. Prices of the brand’s most iconic leather handbags, including some new autumn offerings, were lowered by an average of 10 to 15 per cent last week, a staff member at Burberry’s Causeway Bay outlet told the Post. The move was meant to reduce price differentials across international markets because...