Burberry eyes Japan as EasyJet chief joins board May 21, 2014 Fashion house Burberry has reported record sales and profit for 2013/14. Reported pre-tax profit leapt 27 per cent to £444m, with revenue up 17 per cent to £2.3bn. Adjusted profit before tax rose eight per cent to £461m, ahead of estimates. Further investment in Japan, enhanced beauty infrastructure and a smooth management transition – with [...]
Angela Ahrendts says goodbye to Burberry May 1, 2014 ANGELA AHRENDTS finally made her exit from Burberry yesterday after eight years at the helm of the luxury fashion retailer. American-born Ahrendts is due to start at Apple this month, with chief creative officer Christopher Bailey taking her place. She is understood to be taking with her the £5m bonus due for the past financial [...]
Burberry defies fears over Asia with sales jump April 16, 2014 BURBERRY once again defied fears yesterday of a slowdown in demand for luxury goods in China after shoppers in the country helped drive a 19 per cent rise in group half-year sales. The handbag and trenchcoat-maker reported total revenues of £1.2bn and retail sales up 13 per cent to £928m, thanks to double-digit growth in [...]
Burberry revenue jumps as new flagship store opens in Shanghai April 16, 2014 Fashion heavyweight Burberry has reported a boost in revenue of 19 per cent to £1.3bn for the six months to 31 March. Retail revenue also rose by 13 per cent to £928m, with comparable sales growth in line with the company's expectations. Burberry saw digital outperform in all regions, while eleven stores were opened including [...]
Burberry shares lift the FTSE as luxury sales beat forecasts January 15, 2014 BURBERRY was the second highest riser on the FTSE yesterday after the luxury retailer revealed better-than-expected sales, driven by Asia Pacific and demand ahead of Chinese New Year. Shares closed 4.7 per cent higher as the 158 year-old firm posted a 14 per cent rise in sales to £528m and a 12 per cent increase [...]