Retail Watchers Looking to Burberry for a Lead ; Market Round-Up
Evening Standard - London › July 10, 2008
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Summary
PRIMARK owner Associated British Foods is not immune, but can luxury fashion group Burberry escape the High Street slowdown? Next week, the UK design house unveils first-quarter sales that will be a much-watched indicator of how highend retail is faring.
Goldman Sachs doesn' t think Burberry can emerge unscathed. The mackintosh manufacturer slid 35 1 . 2 p to 395p as the broker downgraded it from neutral to sell as part of a bearish review of the European retail sector.See the full content of this document
Extract
Retail Watchers Looking to Burberry for a Lead ; Market Round-Up
In the luxury arena it is plumping for Swiss conglomerate Richemont, whose stable of luxury watches should shield it from the worst of the downturn.
Last year sale...See the full content of this document
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