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Burberry achieves further strategic progress in H1
14 Oct '09
3 min read
In the half, Burberry's franchisees opened a further net nine stores, including two in Bahrain and seven in China, of which one was a childrenswear trial store in Beijing. This brings the total number of stores in China to 44.
Licensing
Total licensing revenue in the first half declined by 6% on an underlying basis but increased by 13% reported, reflecting primarily the strength of the yen. Underlying royalty income from Japan declined only mid-single digits, benefiting from the recent actions taken to amend the apparel licence. Growth from global product licences was more than offset by the planned termination of local menswear licences.
Licensing
Total licensing revenue in the first half declined by 6% on an underlying basis but increased by 13% reported, reflecting primarily the strength of the yen. Underlying royalty income from Japan declined only mid-single digits, benefiting from the recent actions taken to amend the apparel licence. Growth from global product licences was more than offset by the planned termination of local menswear licences.
Burberry Group plc
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