Burberry reports increased sales, appoints new CEO
British luxury brand Burberry plc has reported increased sales and revenue for the first six months ended
Total revenues increased by 3% compared with the same period last year and retail sales rose 9% to reach £124 million. However the company reported a 1% fall in sales in its wholesale business to £191 million. Total sales across the group rose by 3% to £355 million.
Earlier the company had announced the appointment of a new CEO, Angela Ahrendts, effective
Ms Ahrendts joins Burberry from Liz Claiborne Inc., a leading apparel company in the