Sharp China slowdown hits Burberry sales

A sharp sales slowdown in China and Hong Kong led Britain's Burberry to miss forecasts for first-half sales growth and warn of an increasingly challenging environment for luxury sales. Burberry made 456 million pounds in 2014-15. Chinese shoppers, which account for 30-40 percent of Burberry's global revenue, have grown increasingly cautious this year after the country's economy weakened, its currency devalued and its stock market tumbled.