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Get the free app no ads · no paywallUK · 16 May 2026
Photo by Samuel Regan-Asante on Unsplash
Hopes for recovery in the $400 billion luxury market are dashed by global travel disruptions and rising living costs. This has squeezed profits and deepened a downturn for luxury brands, including Burberry. Burberry's sales in its Europe, Middle East, India, and Africa region dropped 2% in the fourth quarter, impacted by the Iran war and weaker tourism.
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