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Burberry warns 1,700 jobs at risk after annual loss
Burberry warns 1,700 jobs at risk after annual loss
Economy
by  AFP

British luxury fashion label Burberry said Wednesday it could shed almost one-fifth of its global workforce over two years to reduce costs as it fell into an annual net loss. Net loss stood at £75 million ($99.8 million) in the 12 months to the end of March, compared to a profit of £270 million one year earlier, Burberry said in a statement.