Member Article

Burberry pre-tax profits rise to £461 million

British luxury clothing manufacturer Burberry has posted “record revenue and profits” for its 2014 financial year.

The brand said wholesale and digital initiatives have delivered a 17% increase in revenue to £2,330 million - driven by investment in flagship markets, such as China.

Pre-tax profits had risen by 8% on the year before as comparable sales had increased 12%.

Chief creative and CEO, Christopher Bailey, said: “Burberry delivered record sales and profit in 2013/14. The strength of this performance reflects sustained strategic focus, continued investment, disciplined execution and outstanding brand momentum during the year.

“As we enter a new chapter, our teams are united and energised by the opportunities ahead - from unlocking Japan, to accelerating Beauty and further integrating the physical and digital to deliver distinctive experiences.

“While mindful of macroeconomic uncertainties and currency headwinds, we remain focused on the things we can control and confident of driving sustainable future growth, benefiting all our stakeholders.”

This was posted in Bdaily's Members' News section by Tom Keighley .