But it warns of weaker demand for the luxury sector which could lead to missing profit targets, although it has had a stellar year so far.
The Bond Street giant told City investors that "if the weaker demand continues, we are unlikely to achieve our previously stated revenue guidance for 2024,"
In China - one of its most important markets - spending "shifted offshore" dropping by 8% on the mainland.
Known for its check pattern, Burberry highlights its London heritage with style-conscious big spenders. One of its best-known trenchcoats is called Waterloo and sells for £1,890. Its cashmere scarves cost £650.
This story is from the November 16, 2023 edition of Evening Standard.
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This story is from the November 16, 2023 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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