British luxury goods firm reports 1% increase in global sales in last quarter of 2022
Burberry has managed to offset a plunge in Chinese sales of more than a fifth amid Covid disruption, thanks to a surge in shoppers snapping up bags, scarves and trenchcoats in the run-up to Christmas.
The British luxury goods firm reported a 1% increase in global sales in the three months to the end of December, below its 2% target and sharply down compared with the 11% growth reported in the previous quarter.
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