Luxury Goods
Burberry valuation hits 15-year low as market value falls to £2bn
According to Barclays, Burberry’s situation could deteriorate further, as it is already one of the weakest performers in the luxury retail space
Burberry shares have dropped by about 8% following a downgrade by Barclays, which has reduced the luxury fashion retailer’s market value to £2bn – its lowest valuation since 2009, The Telegraph has reported.
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