David Herro Comments on Burberry Group

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Jul 12, 2016

During the quarter, we sold our position in Burberry Group (LSE:BRBY) (U.K.). We believe Burberry has a good brand but is run by an average management team. Given our significant exposure to luxury goods, we decided to sell our position in Burberry and allocate the capital to our other luxury goods names run by stronger management teams.

From David Herro (Trades, Portfolio)'s Oakmark International Fund second quarter 2016 commentary.

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