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Burberry methods up investment as luxury booms
Burberry is stepping up paying out on new merchants and upgrading [url=http://www.sofabcon.com/wp-wpp.php?p=louis-vuitton-travel-bag]http://www.sofabcon.com/wp-wpp.php?p=louis-vuitton-travel-bag[/url] existing types to income in on the boom in expending on luxury merchandise, it stated now, as it satisfied forecasts with a 39% leap in yearly earnings.
The uk maker of raincoats and handbags, ideal identified for its camel, purple and black check sample, said it would invest 180200m sterling inside the yr to March 2012 on new shops and refurbishments in significant towns like London, Paris, Chicago, Hong Kong, Shanghai and Sao Paulo. That's up from 108m inside the yr just ended.
The global luxury products industry has ongoing a robust restoration from last yr, defying fears it might be strike by austerity measures in Europe and actions to chill [url=http://www.woodiesusa.com/any/tiffany-outlet.html]tiffany outlet[/url] fastgrowing emerging market place economies.
Before this thirty day period US consultancy Bain lifted its 2011 advancement forecast for worldwide luxurious product sales to 8% from 35%.
'While conscious from the world wide macro difficulties in 2011/12, Burberry stays self-assured in its approaches. With a robust money position, Burberry will proceed to invest for progress inside the present-day calendar year,' the 155yearold team said.
Financial gain prior to tax and oneoff merchandise jumped to 298m while in the 12 months to March 31, in line with corporation guidance which was elevated last month. Revenues climbed [url=http://www.woodiesusa.com/any/tiffany-store-online.html]tiffany store online[/url] 27% to 1.five billion, aided by powerful need from [url=http://www.woodiesusa.com/any/tiffany-store.html]tiffany store[/url] Chinese customers and travellers.
Burberry mentioned it finished the yr with internet hard cash of 298m and would shell out a fullyear dividend of 20 pence a share, up 43% over the yr in advance of.
In February, worldwide luxury retailer LVMH stated that robust need for its champagnes and Louis [url=http://www.woodiesusa.com/any/tiffanys-jewelry-store.html]tiffanys jewelry store[/url] Vuitton leather-based baggage aided it make a 73% leap in fullyear income.'2010 was a great vintage for LVMH,' reported chairman and chief executive Bernard Arnault.
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