BUZZ-Burberry shares fall as LVMH results drag down luxury sector

Reuters
01/28
BUZZ-Burberry shares fall as LVMH results drag down luxury sector 

** Shares of luxury brand Burberry BRBY.L down as much as 3.4% at 1,130p

** Bellwether LVMH's LVMH.PA shares fell 7% after its Q4 results, driven by weaker margins and cautious tone on the first signs of demand recovery

** LVMH said although sales in China grew, they were less encouraging than expected

** "I think that the weakness today is driven by LVMH’s results" - says Barclays analyst Carole Madjo

** Burberry beat expectations for sales growth in the holiday quarter earlier this month

** In 2025, BRBY stock gained ~29.5%

(Reporting by Rishab Shaju and Ankita Bora in Bengaluru)

((Rishab.shaju@thomsonreuters.com ; +91 9048142177))

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