Burberry’s Europe Sales Hit By Iran War While US And China Grow

London : Burberry said ?conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand’s shares down more than 6% on Friday even though sales in its April-June quarter were strong in the U.S. and China. Burberry’s sales in the Europe and Middle East region fell by 3% ?as fewer tourists visited Middle Eastern shopping hubs like Dubai, and Europe drew fewer Asian shoppers. “Where we’re really seeing ?the impact is tourism,” Chief Financial Officer Kate Ferry said on a call with journalists, adding ?that in other regions local spending was helping to cushion the…