We may be in the wake of a recession, but British fashion brand Burberry seems to be recession proof, as they’ve just announced record annual profit figures. The label made a total of £1,280 million in the last year compared to £1,202 million in the previous year – which is an increase of 7%. The brand’s retail sector also delivered well with a 19%rise in revenue.
“The period 2009 – 2010 was a great year for Burberry – we delivered record profits in what was a challenging economic climate thanks to a truly gifted team,” said Burberry CEO Angela Ahrendts.
“The success of Burberry is built not only on product and marketing excellence but on operational excellence too. Together these set us apart this year.”