Burberry boss plots growth for London

first_img whatsapp KCS-content Sunday 17 April 2011 11:09 pm Burberry boss plots growth for London LUXURY retailer Burberry plans to expand “aggressively” in London, in a bid to improve on what are set to be strong half-year trading figures out tomorrow. Burberry, expected to report on-track underlying sales knocked slightly by a fall in revenues from disaster-hit Japan, is set to ramp up its existing growth plans for London in the coming years.Burberry chief executive Angela Ahrendts said in an interview at the weekend: “I think it’s time that we aggressively reinvest in London – our real estate footprint and our brand footprint. Last time I looked there was a big thing called the Olympics coming and they are inviting millions of people into the town.”Ahrendts did not put a price tag on the investment, and a spokesperson for Burberry said yesterday the firm is not yet aiming for a specific number of stores or revenue gains. Analysts have pored over Burberry’s outlook since the Japanese quake and tsunami on 11 March, which knocked more than seven per cent off the firm’s share price. The company is expected to reveal some of the impact from Japan in its second-half update tomorrow, though analysts at Deutsche Bank still expect to see 11 per cent organic growth. More than 20 per cent of Burberry’s profits are generated in Japan. Burberry is already set to open a flagship store on Regent Street after buying up shops formerly occupied by LK Bennett and Habitat. The outlet follows Burberry’s new Brit store in Covent Garden, which opened last week. FAST FACTS | BURBERRY● The luxury retailer, which floated in 2002, makes four per cent of its sales and 21 per cent of its profits in Japan● Burberry’s Asian division was its fastest-growing business in 2010 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsappcenter_img Share Show Comments ▼ Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img read more