Upmarket fashion retailer Burberry has reported strong growth in annual profits as it continues to expand around the world.
Pre-tax profits were up 24% to £366m, with sales also up 24% to £1.86bn.
The company, which has been expanding fast in emerging markets where luxury items are highly sought-after, said the Asia Pacific region accounted for 37% of both retail and wholesale revenue.
The firm plans to open 15 more stores this year.
In the past year it has opened 23 stores, including flagship outlets in Hong Kong, Taipei and Paris.
It said its strategy of focusing marketing on outerwear had paid off, although its biggest division is non-clothing items which accounts for 39% of revenue.
Source & Image : BBC
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