Sales at Burberry, the UK-listed luxury goods retailer, rose by almost a third over the second half of its financial year.
Over the six months to March 31 total revenue through Burberry’s retail, wholesale and licensing channels rose by 30pc to £860m. Sales in its shops around the world rose by 42pc to £596m, while wholesale sales to third parties rose by 14pc to £214m. Revenue from its licensing operations – which the company is reducing – fell by 5pc to £50m.
Burberry is growing massively in China. Growth in the country will help Asia Pacific to account for half of the company’s sales in around five years. The company is also planning to "aggressively re-invest" in London ahead of the Olympics next year.
Angela Ahrendts, chief executive, said: "Burberry had a strong finish to the year, driven by our design, digital marketing and retail initiatives, as well as good early progress in China."
She said that full-year "adjusted" pre-tax profit will be "around the top end" of market expectations.
Shares in the retailer, which have doubled since the start of 2010, closed up 69p at £12.15.
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