Last Updated on 26th May 2011
According to reports, Burberry‘s profits have more than doubled in the past year, thanks to strong sales in ready-to-wear and accessories – and we suppose being one of the hottest British fashion labels of the moment would kind of help, too.
Apparently profits have risen from £82.2 million in 2009-2010 to £206.3 million in the past 12 months! Which is a pretty impressive statistic, if you ask us.
“Burberry delivered strong operational and financial progress during the year,” said chief executive Angela Ahrendts in a statement today.
“While mindful of global macro challenges in the current year, we will continue to invest to drive growth across our portfolio by channel, region and product.”
But the British brand aren’t stopping there, oh no, in the coming year they plan to hold more new store openings to consolidate growth, as well as refurbish their London, Chicago and Hong Kong flagship stores, reports Vogue UK.
It seems the sky is the limit.