Is Burberry The Biggest Beneficiary Of Britain'S Departure From Europe?

From just

The Christopher Bailey stepped down against Britain's opposition to Europe and said it would provide a huge growth opportunity for the British economy.

Burberry Group PLC (BRBY.L) Boboli is currently the biggest beneficiary of Britain's de Europe, and because of the depreciation of the pound, a large number of tourists are pouring into the UK for luxury consumption. The devaluation has also brought huge benefits to the British group, which has been sterling, because Burberry Group PLC Bobby has a large number of businesses in China.

However, at the end of June 2016, on the eve of the EU referendum, Burberry Group PLC Boboli said in an open letter to its internal staff that once the UK was out of the EU, tariffs and exchange rates on exports to EU countries would inevitably affect the profits of most British companies, and warned the UK from the EU's possible blow to the company.

Europe's stimulus for Burberry Group PLC Boboli is also in the first quarter of the company.

In the first quarter of June 30th, Burberry Group PLC Boboli's same store sales grew 4%, better than the fourth quarter and analyst forecasts of 2%, and the highest growth rate since the first quarter of 2016 fiscal year.

Among them, the growth rate in the Asia Pacific region is 14%-16%, and EMEIA has a high single digit growth rate, which is slower than the double-digit figures in the second half of fiscal year 2017 as of March 30th, and the Americas are still shrinking.

However, Burberry Group PLC bobley chief financial officer Julie Brown told analysts at the performance conference that British domestic demand is still strong and growing at double-digit rates. But with the British referendum going on for over a year, the overall growth of the UK market has begun to decline. The recent rise in sterling also shows that the sustainability of the UK luxury market brought about by Europe is likely to halt. In fact, the major luxury goods such as Louis Vuitton Louis Weedon and Gucci Gucci have been in the UK for 2-3 rounds of price increases since they left Europe.

Another blow to Europe is that the Burberry Group PLC Boboli group said in 2015 that it would invest 50 million pounds to pform the Temple Works of Liz's historic building in Yorkshire into a factory before 2019, and the plan to create 200 jobs was officially terminated.

Group management announced last year that the plan was suspended.

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