Burberry hit by Covid-19 disruption but encouraged by recent Asia trading

Burberry on Friday said it is encouraged by a “strong rebound” in parts of Asia where lockdowns have eased, as it outlined how UK shops will look in future.

The FTSE 100 company, known for its trademark trenchcoats, revealed how Covid-19 travel restrictions and store closures hurt sales and profits for the year to March. But it also pointed to signs of growth since then.

Chief executive Marco Gobbetti said: “It will take time to heal but we are encouraged by our strong rebound in some parts of Asia.” Sales since the start of April in mainland China and Korea are ahead of the prior year.

The shares improved 34p to 1409p.

Finance chief Julie Brown said when its UK branches reopen, stores will mirror what other sites are doing to promote social distancing. That includes staff splitting shifts, limiting the number of customers allowed in, and having signs up

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