Burberry has reported its first increase in quarterly sales for nearly two years and a return to growth in China, as the British luxury goods retailer began to feel the effects of a deep turnaround.
The FTSE 100 company, famed for its signature check-patterned coats, said sales at stores that had been open for more than a year rose 2 per cent in the three months to September 27, ahead of analysts’ expectations.
It added that like-for-like sales in China had also returned to growth, rising 3 per cent in the same period, as signs grew that the luxury market is beginning to turn a corner after a slowdown following a pandemic-era boom.
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