Burberry Made Its First Billion

  • pinit preview none Burberry Made Its First Billion

Burberry, which prides itself as the only British global luxury brand, has joined the ranks of billionaire fashion labels.

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For the past six months, the company made record sales of one billion pounds which is 18% more than their regular profit. Burberry’s finance director, Stacy Cartwright, attributes their financial growth to the company’s ability to balance their clothing and leather goods. Technology helped them a lot too since it enabled shoppers to buy clothes online and get product updates via networking sites.

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The increasing demand from the Chinese market also made a significant boost to Burberry’s sales. The company recently made a serious investment in China by opening boutiques in Hong Kong and in mainland China, which includes a 1,200 sq meter flagship store in Beijing.

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