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.
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