Burberry gains as China laps up luxury goods

Luxury retailer Burberry rose to the top of the FTSE 100, adding 52p, or 4.2%, to £12.84 as Chinese consumers showed no sign of losing their appetite for expensive goods from Hermés and Rémy Cointreau.

Sales for both companies rose more than 20% in the second quarter, spurring investor hopes that Burberry would bounce back following its decline in first-quarter sales growth.


This entry was posted in Luxury, Retail. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s