Burberry revenue rise driven by new product

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Burberry has posted an increase in revenue for the first quarter and hailed the “excellent customer response” to some of its new product lines.

The luxury business recorded an increase in retail revenue of over 3% to £498m on a reported currency basis in the 13 weeks to June 29.

The retailer also recorded a 4% increase in comparable sales, which it said was down to growth led by new product.

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