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Luxury Goods

Burberry issues profit warning as luxury sales slow

Its adjusted operating profits fell by 6% to ยฃ223m which it attributed to increased investment in stores alongside an increase in costs linked with inflation

Burberry has revealed its annual adjusted operating profits would be towards the lower end of its current consensus range of ยฃ552m-ยฃ668m following a slowdown in demand for luxury goods.

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