Burberry says coronavirus impact “more serious” than Hong Kong protests

// Burberry closes 24 of 64 stores in China due to coronavirus outbreak
// Burberry shares opened down more than 2% on Friday morningBurberry has closed 24 of its 64 stores in mainland China as the coronavirus outbreak continues to raise fears.
The luxury retailer said the store closures are a result of taking action to ensure that staff remain safe.
However, it warned investors that the outbreak was having a “material negative effect” on demand for luxury products.READ MORE:Mic