Burberry returns to profit as revenues grow 6% to £1.1 billion, saying its turnaround is 'working'

Summary

Burberry reported a sales boost from trench coats and said its turnaround was 'working', the Evening Standard and The Independent reported on Thursday 12 November, the luxury fashion firm saying revenues grew 6% to £1.1 billion in the six months to September 26. Burberry has returned to profit as its back to basics strategy drove strong sales of the British brand's coats, jackets and handbags over the summer, The Guardian reported, the chief executive, Joshua Schulman, saying the luxury brand had outperformed a 'challenging luxury market' to achieve sales growth of 6%, helped by strong online and wholesale sales particularly in China and the US, and that 'Our strategy is working'.

Latest: Burberry reported a sales boost from trench coats and said its turnaround was 'working', revenues having grown 6% to £1.1 billion in the six months to September 26, the Evening Standard and The Independent reported, The Guardian writing that Burberry has returned to profit as its back to basics strategy drove strong sales of the British brand's coats, jackets and handbags over the summer.

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