Why Burberry’s China recovery looks different this time

A Burberry Check styled shirt with the Burberry label is displayed at the Burberry flagship store
Comparable sales in Greater China rose 6 per cent in the quarter, doubling from Q2. (Source: Reuters/Toby Melville)
After occupying an uncomfortable middle ground in global luxury, Burberry’s latest quarterly results suggest that the long reset may finally be gaining traction, particularly in Asia.  Retail revenue rose 1 per cent year on year to 665 million euros, or 3 per cent at constant exchange rates, while comparable store sales returned to growth, up 3 per cent after a difficult prior-year comparison. Asia emerges as the engine  Asia once again proved to be Burberry’s most reliable source

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