Recent worries by luxury goods companies about a slowdown in Japan haven't hit Burberry, which reported a 15% sales rise in the Asia Pacific region that was led by strong demand in China. The company plans to open eight new stores in China this year. "We called out Chinese New Year as being strong. That was driven because we had great product in China and globally, and a lot of red product which plays to the Chinese consumer," said new fiance director Carol Fairweather.

Related Summaries