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Weak pound helps boost Burberry sales to nearly £500 million

Burberry benefited from the weak pound as tourists snapped up new designs by its creative director Riccardo Tisci, the company said.

It helped the luxury fashion label's sales hit £498 million in the 13 weeks to June 29 - up from £479 million for the same period last year. The Asia Pacific market grew by "high single-digits" driven by China. Sales in the US were up but Canada fell.

The label is more than a year into an overhaul by CEO Marco Gobbetti aimed at taking Burberry more upmarket and reviving its image, including with edgier takes by Tisci on some of its classic products like the trench coat.

The brand said new products had accounted for around half the wares on offer in its shops by the end of June.

This helped lift same store sales by 4% - following lacklustre growth of 1% in the previous three months and topping market expectations of around 2%.

"The consumer response was very promising, delivering strong growth in our new collections," Gobbetti said in a statement.

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