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British luxury brand burberry closing stores in the U.S. in "Ultra-Luxury" push

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Shares of the British luxury apparel brand Burberry Group plc took a plunge last week after the company announced a major strategic overhaul.  In a bid to “sharpen” its image, Burberry is closing stores in a number of markets including the U.S. Despite posting growth in sales and earnings, Burberry…

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