Hypebeast -
14 May 2024 18:55
Burberry is expected to report its worst financial results of the year in the fiscal fourth quarter this Wednesday, as the brand faces waning demand in the Chinese and U.S. markets, according to analyst estimates via Bloomberg.The company's shares fell in January after lowering its expectations in the wake of November's profit warning, which cited a continued slowdown in luxury spending. Now, analysts have "limited faith" in Burberry's ability to reinvigorate its brand identity over the next fis...
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