Burberry checks losses and starts to bounce back

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Burberry designs for children, men and women
Burberry designs for children, men and women Credit: Kinpi3 flickr

DESIGNER clothing brand Burberry, like most retailers had a poor first half of 2020 with sales down by 31 per cent to £878 million (€966 million) compared to the previous year.

Despite this, they still managed a £51 million (€56 million) profit although this was down by 75 per cent.

Things are beginning to recover as most of its stores in 59 countries, particularly in China, Korea and the USA have reopened and footfall has increased meaning that they have almost returned to pre-pandemic turnover.

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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.

Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.

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