The luxury goods brand Burberry has revealed a storming 22 per cent rise in third-quarter sales, despite the economic storm clouds.
Its update is a further sign that the luxury goods market shows little sign of falling out of favour among the world's wealthy. Burberry's revenues hit £574m for the three months to the end of December – ahead of analysts' forecasts of £569m.
The 156-year-old purveyor of trench coats, leather goods and fashion has been boosted by the continuing rise of the TLC – "travelling luxury
consumer"– who roams the world boosting sales at stores from Las Vegas to Paris.
Burberry will open its largest store yet in London ahead of the Olympicsthis year.Reuse content