Burberry expects surge in profit as luxury brands recover from pandemic

Burberry Group predicted a 35 per cent jump in profit for the current financial year, driven by a surge of online sales as luxury brands recovered from the pandemic.The London-based fashion house said full-price sales accelerated 26 per cent in the last three months of 2021, with the Americas showing “strength” and Asia-Pacific showing improvement.“Full-price sales continued to grow at a double-digit percentage compared with two years ago, accelerating from the previous quarter and reflecting a…

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