Wednesday 14 July 2010

Burberry And Giorgio Armani Profit Results Are Confirmed - 14/07/10

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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Posted by MO at 6:00 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au