Burberry’s share price is up about 7% – its highest level since before pandemic
Burberry has upgraded its full-year profit forecast after a rebound in sales since December, driven by a strong recovery in demand for its luxury goods in China and South Korea.
In a rare piece of positive news from a fashion retail sector battered by the coronavirus crisis, Burberry said on Friday that like-for-like store retail sales would be up by nearly a third year on year in the first three months of 2021.
