Burberry posts double-digit revenue rise for leathergoods
UK luxury brand Burberry has reported a double-digit revenue rise for leathergoods in the second half its fiscal 2013, building on the momentum that has seen it post big rises over the past few years.
Total revenue for the group was £1.3 billion in the six months to March 31, an increase of 19%.
Outgoing CEO Angela Ahrendts said: “While current exchange rates are a material headwind in what remains an uncertain macro environment, our continued global brand momentum provides an excellent foundation for the future." She added that the management transition was “well under way”.
The company opened a flagship store in Shanghai on April 14, which it says marks the start of a new chapter for the brand in Shanghai, following a multi-year investment in China since acquiring the business in September 2010. Burberry Kerry Centre (pictured) is the eighth store to open in Shanghai, following recent openings within L’Avenue, K11 Art Mall and Hongqiao airport.
