Rebound in Chinese demand helps boost Burberry sales

London

LUXURY brand Burberry reported better than expected same-store sales in its first quarterly report under new CEO Marco Gobbetti, helped by a rebound in Chinese demand and another good performance in its home British market.

Shares in the group, known for its trench coats lined in its camel, red and black check, topped the FTSE 100 index on Wednesday, as analysts said a 4 per cent rise in like-for-like sales was double the expected rate.