Burberry says coronavirus outbreak is hurting sales in China - Business Insider

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Burberry's CEO says the coronavirus outbreak is having a 'material negative effect' on China demand

Burberry said that the coronavirus epidemic is hurting luxury demand in mainland China and Hong Kong.

The luxury label said 24 of its 64 stores in mainland China were closed, with remaining stores operating with reduced hours and said they saw significant declines in footfall.

 

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