30% sales boost for Burberry
By FashionUnited
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Burberry said the first six months operating margin in its retail and wholesale businesses will be flat, compared with a previous forecast for a small decline. But this was partly due to a re phasing of investment and costs and the company kept full-year guidance for a "modest improvement" in the margin. On the 830 million pounds in sales Burberry made an estimated 15% operating margin.
Founded in 1856 Burberry designs and sources apparel and accessories, selling through a diversified network of retail, wholesale, licensing and digital channels worldwide. At 30 September 2011, Burberry globally had 187 retail stores, 210 concessions, 44 outlets and 52 franchise stores.
With it's strong results Burberry has overtaken Marks & Spencers in the FashionUnited Top100 as most valuable British fashion company with a 5.7 billion GBP value, closing in to secure a top 20 position in the global fashion index.
Image: © Burberry/Testino