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Burberry profit up 24% to £366m Wednesday, 23rd May 2012
Photo credit: My Retail Media
It looks like there’s no stopping the British fashion house, who on Wednesday reported pre-tax profits up 24 per cent to £366 million, with sales also rising 24 per cent to £1.86 billion.
Having pursued an aggressive expansion rate into emerging markets, Burberry said the Asia Pacific region now accounted for 37 per cent of both retail and wholesale revenue.
According to the BBC, the heritage brand plans to invest £200 million this alone and will open 15 new stores.
Underlying sales grew 15 per cent across Europe but were overshadowed by an impressive 41 per cent growth in the Asia Pacific region.