Article 6CZ8X London losing out to Paris and Milan over tourist shopping, says Burberry

London losing out to Paris and Milan over tourist shopping, says Burberry

by
Mark Sweney
from World news | The Guardian on (#6CZ8X)

British brand's sales jump by 18% year on year on back of post-Covid bounceback in China

Burberry has reported a sales surge of almost a fifth thanks to a bounceback in China, but the luxury British fashion brand has warned that London is losing out to rivals such as Paris and Milan, which are enjoying a stronger tourist shopping boom.

The British fashion brand, best known for its signature check bags and raincoats, said that global sales grew 18% year on year to 589m in the quarter to 1 July - its fastest growth rate in two years.

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