Burberry Posts 23% Increase in Profit

LONDON — U.K. fashion house Burberry Group PLC reported strong profit and sales increases and said it is sticking to its expansion plans in the U.S. and elsewhere, even as slowing economies have hurt its rivals. by way of illustration

In an interview, Chief Executive Angela Ahrendts said the U.S. has been “underpenetrated” by Burberry, leaving room for further expansion. “You have a market that’s gotten relatively soft, but the brand in the market has tremendous … It’s so tirred.
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