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City news: Burberry, Asda, Berendsen and Mothercare | City & Business | Finance

City news: Burberry, Asda, Berendsen and Mothercare | City & Business | Finance

Business

City news: Burberry, Asda, Berendsen and Mothercare | City & Business | Finance

Weak demand for its luxurious items within the US and Hong Kong highlighted the challenges going through incoming Burberry boss, Marco Gobbetti, as annual revenue fell 5 per cent.

A mixed-bag efficiency included “exceptional” buying and selling within the UK, the place a falling pound inspired extra bargain-hunting by vacationers.

Christopher Bailey, who will likely be succeeded by Gobbetti as chief government in July however stay as chief inventive officer, mentioned it could step...

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