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China Is Reopening. Burberry and Other Luxury Brands Stand to Gain.

Por: MarketWatch Business January 18, 2023

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posted revenue of £756 million ($934 million), while the consensus call among analysts was for £805 million, according to FactSet. Third-quarter comparable-store sales increased by 1%, partly because of disruptions related to Covid-19 in China, Burberry said. That’s compared with the 7% growth in the same period last year. Excluding China, comparable-store sales grew 11%. Richemont, which owns Cartier, reported revenue of €5.4 billion... + full article



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