British luxury goods group, Burberry Group plc has reported a 3% rise in revenues for the first half ended September 30, 2005. The increase took total revenues on an underlying basis to £355 million. Retail revenues increased 9%, wholesale revenues declined 1%, and licensing revenue increased 3%.

During the six month period the company also completed key store renovations, acquired Taiwan distributors, and concluded a womenswear retail concession agreement with a major customer in Spain.

Rose Marie Bravo, chief executive, stated, In the context of a period marked by strategic investment and transition, Burberry delivered a solid performance in the first half. With cold weather arriving and the holidays approaching, we enter our most important time of year with cautious optimism.”

Share this story: