Burberry to add leather, accessories

Burberry

Group said it will add new leather goods and accessories and refurbish its stores as Chief Executive Officer Marco Gobbetti lays out his strategy for reigniting growth at the trench-coat maker. The update came as the Londonbased company reported firsthalf revenue of £1.26 billion (Dh6 billion, $1.66 billion), 1.6 per cent above the average analyst estimate, giving Gobbetti a boost as he prepares for a future without creative head and former CEO Christopher Bailey, who’s set to leave next year. “We must sharpen our brand positioning,” Burberry said in a statement. (Bloomberg)