It has been a good week for Burberry, with the news that their first quarter, which ended on June 30th, saw revenue rise 30.6 percent to 282 million pounds. The result comes from an increase in non-apparel and outerwear sales, yet it does not include the companies Spanish operations. The news comes as Burberry is planning big- with the aim to open a further 20 to 30 stores before the end of the year across America and the Asia Pacific.
For Giorgio Armani, the story is quite the opposite, as the company has commented on their profit decline of 28% last year, due to the North American and Japanese recessions. The company reported that earnings fell 218 million euros, before interest, taxes, depreciation and amortization.
Image credit: armanicollezioni.com
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