Burberry has reported a 17 per cent jump in revenue, to £1,031m, for the six months ended 30 September. The fashion powerhouse, which is readying itself for new leadership under chief creative officer Christopher Bailey, saw adjusted profit before tax of £174m - above original guidance and 2012's £173m. This is the first time Burberry's revenue increase exceeded £1bn in a first half. Its interim dividend is up ten per cent to 8.8p. (Release)
Last month, the British brand announced that chief executive Angela Ahrendts would step down in mid-2014 to take a job with Apple. In preparation for Bailey's leadership, the company has made some changes to management.
The successful launch of Brit Rhythm for Men, along with the opening of 14 mainline stores and digital innovation, has seen the brand gain momentum. Its online business "outperformed in all regions", whilst flagship markets did well from the "travelling luxury customer".