Burberry expects earnings boost from weak pound post Brexit
By Paul Sandle LONDON (Reuters) - British luxury goods brand Burberry , which announced a management shake-up this week as it seeks to overturn falling profits, said on Wednesday it expects a post-Brexit drop in the pound to boost its earnings this year. The group known for its camel, red and black check design incurs about 40 percent of its costs in Britain, but makes only 10 percent of its sales in its home market and more than half of those come from foreign tourists in London, analysts estim
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