• Burberry Announces 42% Rise in Profits

    9 days ago - By Hypebeast

    Burberry has revealed its financial figures for the first half of the financial year, reporting that profits have risen 42% to around £132 million GBP .
    Announcing the performance figures in a statement, Burberry added that the profit rise was partly due to the "exceptional response" to Riccardo Tisci 's "new creative vision." Other reasons highlighted for the better-than-expected performance include the "endorsement from some of the world's most followed influencers," a strong wholesale response, and the label's "go-to-market model," which includes social selling and regular drops , and...
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  • Profits rise at 'repositioned' Burberry

    Profits rise at 'repositioned' Burberry

    9 days ago - By Drapers

    Revenue at Burberry dipped slightly but profits rose in the 26 weeks to 29 September 2018.
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  • Burberry Profits Climb 42% in First Half as Revenues Dip

    Burberry Profits Climb 42% in First Half as Revenues Dip

    9 days ago - By WWD

    LONDON - Burberry kept a lid on costs in the first half, sending profits up 42 percent to 132 million pounds as the company touted the early success of Riccardo Tisci's first collection for the brand.
    Revenues in the six months to September 26 dipped 3.4 percent at current exchange rates and 2 percent at constant exchange to 1.22 billion pounds.
    Stripping out the impact of the beauty business, which was formerly in-house and is now a license with Coty, first-half revenue was up 3 percent at reported exchange and 4 percent at constant rates. Both profit and revenue figures beat analysts'...
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