“Burberry, the British fashion house with an American chief executive, unveiled a credit crunch-defying jump in sales and profits today as wealthy women across the globe continued to shop with abandon.
Burberry – famous for its trademark check design – said wholesale revenue doubled from markets such as China, the Middle East and Russia, while North America underlying sales rose 26 per cent.
The luxury handbags, belts and clothing group enjoyed a 25 per cent jump in profits to £196million on the back of a 17 per cent rise in revenue to £995million for the year ending in March.”
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