The Toronto-based company reported revenue of C$358 million ($263 million) for the fiscal fourth quarter.

The likelihood of a successful Burberry turnaround is limited in the near term, UBS Group AG analyst Zuzanna Pusz wrote in note.

The collaboration includes collections designed and curated by David Beckham for both formal and casual menswear.

The seven-piece collection has been created with the perfumers Anne Flipo, Fanny Bal and Quentin Bisch.

The Chinese online retailer reported first-quarter revenue that beat market estimates, as price cuts and discount coupons helped boost sales that have been hit by cautious customer sentiment.

Under the European Union’s Digital Services Act, online marketplaces and intermediaries are required to fight illegal and harmful content as well as counterfeit products on their platforms.