Sales were flat in Q1 16 at £423m. At reported FX, revenue was up 4%. Comparable sales were down 3% and all regions experienced unfavourable momentum. In Asia, the company is still facing a tough backdrop in Hong Kong and Macau which posted a double-digit rate decline in comparable sales. In Japan, the performance was hit by weaker tourism flows which was partly offset by the strengthening in domestic demand. The geopolitical uncertainties have depressed the luxury demand of travellers
