Pursuits
Burberry’s Stagnating Sales Indicate End to Luxury Boom
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Burberry Group Plc’s flagging sales growth suggests an end to a three-year rally in the luxury-goods industry as wealthy shoppers cut back on past indulgences.
Cie. Financiere Richemont SA, Prada SpA and LVMH Moet Hennessy Louis Vuitton SA are among companies at the greatest risk of seeing growth shrivel as weakening economies take a toll on demand for expensive apparel and accessories, according to John Guy, an analyst at Berenberg Bank in London.