Burberry, the struggling fashion retailer, is predicted to see a sales drop of about one-fifth amid a slowdown in the luxury market and reports of a potential takeover. The company, which recently fell out of the FTSE 100 due to its declining share price, will reveal its first half results on November 14. Analysts are forecasting sales of around £1.
1bnfor the first half, significantly lower than the same period last year. Additionally, Burberry is expected to report a loss of approximately £45m compared to last year's interim profit of £225m. The brand joins several other retailers suffering from a stagnant luxury sector, with the.
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