Burberry has posted a strong full year sales increase after growth rebounded in China in its fourth quarter.
In the 12 months to 1 April, revenue rose by 10% on a reported basis to £3.09 billion while retail comparable store sales increased by 10%.
Meanwhile operating profit grew to £657 million from a previous £543 million.
During the period, Burberry reorganised its supply chain, merchandising and digital teams under new leaders to drive strategy, and appointed Kate Ferry as its new chief financial officer. It also agreed to acquire a business from an Italian supplier to strengthen its technical outerwear capability, and refurbished or opened 60 stores. It now has around 30% of its full price stores updated.
