English brand plans extended profile internationally to build on solid revenue growth
Burberry Group maintained its status as a top global brand through the second half of its financial year. Trading for the six months to March 31 was characterised by modest growth for the retailer, with retail sales growing 1 per cent from£153 million in the same period the year before to£155 million in the latest half-year.
The retailer said earnings before interest, tax and amortisation for the full year should increase ahead of expectations, to£162 million, driven by management of costs and a continued increase in selling space. Burberry said it would boost the latter by 8 per cent, with four store openings in the US and one in Madrid.