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Management
N Brown posts growth across strategic brands
N Brown Group revenue declined 1.8 percent to 715.7 million pounds for the year to February 26, 2022, as a result of a 0.6 percent decline in total product revenue and a 4 percent decline in financial services revenue. However, adjusted pre-tax profit of 43.1 million pounds was up 46.6 percent from the previous year’s 29.4 million pounds and...
Management
Burberry sales and profit up, outlook depends on China recovery
For the 53 weeks ended April 2, 2022, Burberry Group delivered revenue growth of 23 percent at CER to 2,826 million pounds. Comparable store sales grew 18 percent, with underlying performance driven by full-price sales partially offset by the exit of markdowns in mainline and digital stores. Burberry is maintaining its guidance of high...