British luxury fashion group Burberry saw first-quarter revenue grow by 30% as a raft of new store openings boosted sales. Daily Telegraph. Financial Times
Having opened new shops in Antwerp, Bologna, Puerto Banus and Tampa, the company generated £167.5m of revenue in the three months to June, ahead of most City analysts’ expectations.
Burberry is to add 13 or 14 new stores every year, focusing particularly on the US.