Luxury fashion brand Burberry has reported a dip in sales over the festive period as it said it was moving with “urgency” to turn the business around and return to profit. The fashion house, founded in England in 1856, launched a £40 million cost-cutting programme in November after sinking into a loss. #Burberry
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here
00:05are your headlines for today. The luxury fashion brand Burberry has reported a dip in sales over
00:11the festive season as it said it was moving with urgency to turn the business around and return to
00:17profit. The fashion house launched a £40 million cost-cutting programme in November after sinking
00:23into a loss. In an update for shareholders, Burberry said the turnaround plan was already
00:28starting to pay off. It nevertheless reported revenues of £659 million for 13 weeks to
00:34December 28th, which is down 7% from the £7.6 million generated of the same period a year
00:41earlier. My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.