Print Edition - 2018-05-17  |  Money Digest

Fashion house Burberry profits inch higher


May 17, 2018-

Burberry, the luxury British fashion house, announced Wednesday a slight rise in annual profits following a strategy overhaul under new chief executive Marco Gobbetti. Net profit rose 2.4 percent to £294 million ($397 million, 336 million euros) in the year to March 31 compared with 2016/17, Burberry said in a statement, as solid growth in China helped offset a sluggish performance in the UK. Revenues dipped one percent to £2.7 billion at the brand famous for its trademark check pattern. This was offset however by better-than-expected cost savings.  (AFP)

Published: 17-05-2018 08:03

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