Burberry Says Viral Epidemic Devastates China Sales
- Sales at China stores that remain open down 70%-80%, CFO says
- Burberry says it has closed 24 of its 64 stores on mainland
Photographer: Tolga Akmen/AFP via Getty Images
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Burberry Group Plc scrapped its financial guidance for the year, warning that the coronavirus epidemic is cutting sales by three-quarters or more at stores in China.