Burberry Revenues Soar 26%
Brit fashion brand Burberry has announced that first-quarter revenues have risen by 26 per cent, continuing the upswing we reported on earlier this year. The growth is due to increased business in emerging markets and strong performance in North America, the Times of London reports. The uncertain economy has proved challenging to some luxury brands.
The company, founded in 1856, recently opened new stores have in Cannes, Budapest, Italy, Korea and Spain, and has launched a cool new ad campaign. "Our brand momentum is strong, driven by product innovation and a focused management team," Burberry chief executive Angela Ahrendts told the paper. "This momentum, together with the diversity and balance we have across products, channels and regions, underpins our confidence for the future."
Gallery: The World of Burberry