It’s not just China’s economy feeling the impact of zero-Covid – Burberry is also a victim.
The luxury fashion brand said sales slumped 35pc in China in the first quarter due to ongoing Covid restrictions.
It’s a key market for the company, with Chinese buyers accounting for around a third of the global luxury industry before the pandemic, both at home and as tourists abroad.
Stripping out China, Burberry’s sales grew 16pc over the…
