Wednesday 18 May 2016

Burberry to overhaul retail operations after 10% fall in profits

Luxury brand to relaunch bag range, improve customer service and overhaul logistics

British luxury brand Burberry said it would overhaul its retail operations and simplify its product range after full-year profits fell 10%.

The group, famous for its trench coats, said it expected profit to come in towards the bottom of market forecasts in the year to March 2017, and be more weighted to the second half than last year.

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