Mixed bag for Burberry

Luxury goods group Burberry today revealed contrasting performances as booming sales in new markets such as China and India offset a softening in UK trading.

The British fashion house, known for its distinctive plaid pattern, said pre-tax profits for the year to March 31 fell to £157m (€230m) from £166m (€243m) a year earlier, as it suffered from costs relating to its takeover of wholesale operations and restructuring plans.