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International Business Times
International Business Times
Business

Troubled Burberry Shows Sign Of Recovery Despite Sales Drop

Burberry's new chief Joshua Schulman is pursuing his turnaround plan for the fashion label (Credit: AFP)

British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership.

Revenue dropped seven percent to GBP659 million ($871 million) in the company's third quarter, covering the three months to late December, from the period a year earlier, Burberry said.

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