Richemont, Burberry optimistic about China luxury sales


Luxury retailers Richemont and Burberry said they were optimistic that consumers in China would start spending again, helping offset three years of upheaval from the government's strict COVID-19 lockdowns and soaring infections.

Britain's Burberry, famous for its iconic Mackintosh-style coats, said it was seeing "very promising" signs of recovery in China as...