Burberry

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Reports have shown that in November 2012, Burberry has posted a pre-tax profit of Pds. 112m for the six months last till to September 30 2012, down from Pds. 159m a year earlier! Indeed, various reports have shown that in actual fact the Burberry group is making loads of profit. This immediately compares to analyst forecasts of 157-172 million pounds, with a consensus of 167 million pounds, according to a company poll, and 162 million pounds in the same period in 2011. In fact the Burberry group is a public limited company which is widely known for its camel, red and black check pattern. The firm has stated that its decision to end its license agreement with Interparfums and directly operate fragrance and beauty as a fifth product division from April 1 would be broadly neutral to underlying profit in 2013/14 and earnings accreditive thereafter. Analysts have already forecasted that Burberry is going to make a 181 million euros payment for ending the license. Tracing back history, Burberry group was founded in 1856 by Thomas Burberry who was only 21 years old...