Iconic British luxury brand Burberry has reported a 21% underlying growth in total revenue in the three months to December 31st (fiscal third quarter), a significant slowdown from the 30% underlying growth seen in the first half.
Revenues totalled £574m in the period, up from £480m in the third quarter the year before. Average retail selling space increased by 13% in the period; this is expected to be maintained in the second half.
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