LONDON - Paris' luxury fashion street Avenue Montaigne has a British newcomer. Burberry will now count the likes of Prada, Bottega Veneta and Jil Sander as neighbors on 17-19 Avenue Montaigne.

London (AFP) – British fashion house Burberry announced Friday a further decline in sales, hit by weak demand in China, but the troubled group is showing signs of recovery under new leadership.