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Burberry Faces Profit Warning as Luxury Slump Continues
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Burberry, a British luxury brand, issued a profit warning due to a lackluster Christmas season. The company's shares have plummeted by almost 50% over the past year.
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How is Burberry planning to address the challenges posed by the decline in shares?
What factors contributed to Burberry's disappointing Christmas season?
What impact does this have on the luxury fashion industry as a whole?
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