Burberry, Richemont Say Mainland China Luxury Sales Rebound

Updated on
  • Domestic growth offsets decline in tourism to Hong Kong
  • Burberry shares rise as much as 5.5% as reports damp concern

Pedestrians walk past a Burberry store in Hong Kong. The company's Hong Kong sales fell more than 20 percent.

Photographer: Xaume Olleros/Bloomberg

Burberry Group Plc and Richemont said the luxury-goods market returned to growth in mainland China at the end of last year, a balm for an industry suffering from a slump in Hong Kong.

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