Burberry weathers Hong Kong slump by selling more in mainland China
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LONDON (Reuters) - Luxury fashion label Burberry upgraded its full-year sales forecast on Wednesday as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong.Burberry, famed for its trenchcoats and check scarves, said its sales in Hong Kong halved in the 13 weeks to Dec. 28, its third quarter, as large scale demonstrations in the territory since June have deterred visitors from mainland China.Chinese luxury shoppers are a major focus for Burberry..