How Badly Is China Slowdown Hurting Burberry?

October 15 -- Burberry Group Plc shares fell the most since 2012 after the U.K. luxury-goods maker indicated profit will probably decline for a second straight year after sales in the key market of Asia dropped. Full-year adjusted pretax profit will be “broadly in line” with 445 million pounds ($689 million), which is the average of recently reduced analysts’ estimates, London-based Burberry said Thursday. Second-quarter retail sales climbed 1 percent on a comparable basis, the slowest pace in three years.
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