Burberry profits fall 7% in fiscal 2017

Burberry's profits were hit by the beauty business

UK-based Burberry reported a 7.3% drop in profit to £286.8m ($373.7m) for the fiscal year ended 31 March 2017. Profits were hit by the beauty business and reduced licensing income. Burberry described 2017 as ‘a year of transition’, as it...

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