Burberry Hit by Weak Luxury Demand in China (Fashionista)

Christopher Bailey, CEO and chief creative officer of Burberry, at the brand’s spring 2016 show in September. Photo: Samir Hussein/Stringer For much of the past decade, China has been the luxury world’s golden horse, sending sales and profits up to record highs while other fashion and retail businesses suffered from the aftershocks of a global economic…