British luxury brand Burberry has warned the coronavirus outbreak is hitting sales in both mainland China and Hong Kong.deadly infection
, and there had been was a significant fall in the number of shoppers visiting its remaining outlets, which were operating on reduced opening hours. The firm also pointed out that while spending by Chinese visitors to Europe and other tourist destinations had so far have been less affected, given the widening travel restrictions, it expected this"to worsen over the coming weeks".Burberry chief executive Marco Gobbetti said:"The outbreak of the coronavirus in mainland China is having a material negative effect on luxury demand.
"While we cannot currently predict how long this situation will last, we remain confident in our strategy."In the meantime, we are taking mitigating actions and every precaution to help ensure the safety and wellbeing of our employees. "We are extremely grateful for the incredible effort of our teams and our immediate thoughts are with the people directly impacted by this global health emergency."
Burberry Really?
Burberry Gutted for you, lads.