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Realistbear

Demand For Luxury Goods "on Fire" As Recession Ends And Bonuses Resume

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http://www.bloomberg.com/apps/news?pid=206...id=aj.NB2RZCzAE

Burberry Jumps After Ahrendts Says U.K. ‘On Fire’ (Update1)

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By Sarah Shannon and Paul Jarvis

Sept. 23 (Bloomberg) -- Burberry Group Plc rose as much as 5.8 percent in London trading after Chief Executive Officer Angela Ahrendts said the clothing maker’s U.K. business has been “on fire†as demand for luxury goods improves.

Burberry gained as much as 27.4 pence to 504 pence, the steepest intraday advance since Aug. 20. The shares traded at 489.9 pence as of 8:36 a.m. U.K. time.

“Our U.K. business has been on fire for quite a while now,†Ahrendts said in an interview late yesterday at London Fashion Week. The CEO said the luxury market “can only get better†as the anniversary of the financial crisis passes.

"On fire!" That would be a good one for the EAs instead of the usual "buying frenzy," "flying off the shelves'" or "snapped up."

As bonuses have resumed (did they ever go away?) it makes sense that all that wealth must be spent and what better way to invest than to buy a 1000 pound mac?

Edited by Realistbear

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http://www.bloomberg.com/apps/news?pid=206...id=aj.NB2RZCzAE

Burberry Jumps After Ahrendts Says U.K. ‘On Fire’ (Update1)

Share | Email | Print | A A A

By Sarah Shannon and Paul Jarvis

Sept. 23 (Bloomberg) -- Burberry Group Plc rose as much as 5.8 percent in London trading after Chief Executive Officer Angela Ahrendts said the clothing maker’s U.K. business has been “on fire†as demand for luxury goods improves.

Burberry gained as much as 27.4 pence to 504 pence, the steepest intraday advance since Aug. 20. The shares traded at 489.9 pence as of 8:36 a.m. U.K. time.

“Our U.K. business has been on fire for quite a while now,†Ahrendts said in an interview late yesterday at London Fashion Week. The CEO said the luxury market “can only get better†as the anniversary of the financial crisis passes.

"On fire!" That would be a good one for the EAs instead of the usual "buying frenzy," "flying off the shelves'" or "snapped up."

As bonuses have resumed (did they ever go away?) it makes sense that all that wealth must be spent and what better way to invest than to buy a 1000 pound mac?

I thought bread and luxury items weren't affect during "downturns"?

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I thought that Burberry was aspirational chav wear. Can it be a luxury brand at the same time ?

It's what all property millionaires kit the wife out in. Bound to be leap in demand now.

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RSPCA charity shop this morning, black men's bomber jkt, left panel in script font said Thomas Burberry, not sure if thats the same, but anyway unsold £5.50

I sort of guessed it was unsold due to the fact it was still in the store, charity shops don't normally do reserve and collect.

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I sort of guessed it was unsold due to the fact it was still in the store, charity shops don't normally do reserve and collect.

did you sort of guess that i meant it had been there some days or are you not as bright as you are sarcastic

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