Burberry sell a range of luxury leather goods including bags, garments and footwear throughout the world. ‘We plan to open between 20 and 30 new stores in the current financial year, predominantly in the Americas and Asia Pacific’, Angela Ahrendts, Burberry CEO said in a press statement.
Eight new mainline stores are to be built with an emphasis on emerging markets. These include two in India and their first store in Brazil. They have also added a second store in Ginza, Tokyo.
Second quarter sales reached £291 million ($433 million) compared with £229 million ($341 million) in 2009. As of June 30 the company has 139 retail stores, 140 concessions (excluding Spain), 44 outlets and 97 francise stores. The company is headquarted in London and was founded in 1856.