Luxury fashion house Burberry launched an “urgent” turnaround plan today as it revealed another slump in sales and a fall into the red in the first half of the year.
Britain’s only global luxury fashion brand made an operating loss of £53 million and a pre-tax loss of £80 million in the six months to 28 September. Sales tumbled by 22% £1.09 billion, down from just under £1.4 billion last year. The interim dividend has been axed.
