How cold is the winter for luxury goods? Burberry plummeted 70% in 16 months or was removed from the FTSE 100 index
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发表于 2024-8-28 22:07:33
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Burberry has been a constituent stock of the FTSE 100 index for the past 15 years, but due to the overall slowdown in industry demand and weak brand revitalization, Burberry recently issued a profit warning, and its stock price has fallen by one-third in the past three months, with a rebound of more than 73.9% from its historical high on April 25, 2023. Its market value is far below the level required to maintain within the index. The stock continued to decline by over 3% on Tuesday.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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