Burberry Leads Luxury Stocks Lower as Revenue Growth Slows

Burberry Group Plc fell the most ever in London trading as the U.K.’s largest luxury-goods maker said full-year profit will disappoint after sales growth slowed globally, rattling the stocks of industry rivals.

“We know we are not alone in terms of what we’ve seen in the last couple of weeks,” Chief Financial Officer Stacey Cartwright said today in an interview, citing conversations with other luxury-goods makers. “Traffic is down.”