Rapid expansion in China boosted trading at Burberry, the luxury goods group, in the final three months of last year.
The group said like-for-like retail sales grew by 36 per cent in the quarter after the group took full ownership of 50 stores in China from a franchisee agreement. China recorded like-for-like comparable sales growth of 14 per cent for the period – the group’s third quarter.
Angela Ahrendts, chief executive officer, said she expects to open another 50 stores in China over the next five years as the economy expands rapidly.