Shares plunge on latest results as luxury brand fears it will take years for sales from wealthy tourists to recover

predicted it would take several years for long-haul travel to recover from the coronavirus pandemic with the absence of wealthy tourists a severe blow to its UK shops.

In normal times a shopping trip to Burberry is on the itinerary of international visitors but the hiatus caused by Covid-19 meant the luxury retailer’s sales in Europe, the Middle East and Africa were down 44% on 2019 levels in the year to 27 March 2021.