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Protests to bleed $120 million from Burberry's Hong Kong sales

Posted On: Oct. 14, 2019 6:19 AM CST

Burberry Hong Kong

Analysts at U.S.-based investment banking firm Jeffries Group LLC expect U.K.-based luxury fashion brand Burberry Group PLC's Hong Kong sales to decline by £100 million ($123 million) this year due to ongoing street protests, Business Insider reported. These analysts estimate that 8% of Burberry's total sales are generated in Hong Kong.

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