- FashionUnited |
British luxury goods maker Burberry said on Wednesday its full year net profit rose. Revenues dropped by 1.2 percent from the same period last year.
The company’s net profit for full year 2017/18 was 410 million pounds, up from 394 million pounds a year earlier. Revenues fell to 2733 million pounds. The profit margin of the company increased to 15 percent compared to 14.2 percent a year ago.
Burberry Group Plc was founded in 1856 by Thomas Burberry and is based in London, United Kingdom. The iconic Burberry check was introduced as a lining to the trench coat in the 1920's and is now registered as a trademark. Christopher Bailey was one of the brand's most influential creative directors to date.
The London listed company offers men's and women's clothing with outerwear at the core of its business. Burberry employs around 10000 people worldwide and operates about 200 own retail stores.
For more recent news on the business, collections and executive changes of Burberry Group Plc, click here.