The Burberry Statement will not seek a Hong Kong listing

Burberry Group, said this year will accelerate new store expansion and renovation of the old shop project, does not require additional investment. "Whether the need to raise funds, the availability of attractive, we (listed in Hong Kong) to take into account factors," Chief Financial Officer Stacey Cartwright told reporters on a conference call on Wednesday. The relative ratio of the luxury brand Prada last month successfully settled in Hong Kong, a move designed to take advantage of the Chinese people desire to buy luxury high increase its brand influence in the Hong Kong region.
Burberry Li Group, said this year plans to open 20 to 25 stores, slightly more than the number last year, and the renovation of a certain number of flagship stores, including two in London. Its sales from its retail network, accounting for 66% of the turnover. Ended June Burberry first-quarter sales growth of nearly 50%, making it the leader of the luxury industry.
Burberry on Wednesday stocks and other luxury brands (such as LVMH, Hermes) to rise sharply, and this stems from investors optimistic about the industry situation in the first half of the year. By contrast, the French cosmetics company L'Oreal Group announced its second quarter sales, the stock fell 4%. L'Oreal core business is the consumer packaged goods, priced at between 5-100 euros Burberry products priced at about 1,000 euros (1,425 dollars), including emerging markets such as handbags and raincoats strong demand. Visible Burberry Group has set up 155 years in the past two years, the stock rose more than fourfold in before that there are rumors that it may be the acquisition.