Burberry boss checking out with sales boost
Retail revenues rose 14 per cent to £528 million in the three months to the end of December, ahead of analysts’ forecasts of £520m, helped by strong demand for coats and leather bags.
Chief executive Angela Ahrendts said: “At current levels, exchange rates will be a significant headwind in the second half and beyond, and the macro environment remains uncertain, but we are confident that our proven strategies will continue to deliver long-term value for shareholders.”
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Hide AdAhrendts is due to leave Burberry towards the middle of this year to join technology giant Apple, and will hand over the reins to chief creative officer Christopher Bailey.
• Swedish fashion retailer H&M said today that its sales rose 10 per cent in December, matching market expectations.