Luxury brand Burberry has reported revenues of just over £2.6 billion for the 12 months to March 28, 2020. This figure represents a fall of 3% compared to the company’s previous full-year results.

On releasing the results, chief executive, Marco Gobbetti, said Burberry had “strong momentum” and sales that were ahead of expectations until the covid-19 pandemic hit. Sales for the first nine months of the year showed growth of 4%. However, the corresponding figure for the fourth quarter was a fall of 27%. By the end of March, 60% of Burberry’s retail stores around the world were closed.

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