Burberry made a solid start to the year with retail revenues ahead 12 per cent in the three months to June 30.

The luxury brand said that sales growth was driven largely by the UK, Asia, Europe and Korea, with more difficult trading still being experienced in the US and Spain where comparable store sales remained in a double digit decline.

Comparable store sales across the whole group were flat for the quarter.

Wholesale revenues took a hit as retailers tighten inventory levels in a tough market, down 28 per cent.

Burberry chief executive Angela Ahrendts said: “Our brand momentum, strong product designs and continuing back-of-house improvements mean that we are well-placed to deliver sustainable long-term growth.”