November 8, 2018 / 7:17 AM / 13 days ago

Burberry confident on new designer, repositioning on track

LONDON, Nov 8 (Reuters) - Britain’s Burberry said it had seen an “exceptional response” to the creative vision of its new designer Riccardo Tisci as it reported a slight dip in first-half revenue and operating profit as it continues to reposition the brand.

The luxury label reported revenue of 1.22 billion pounds ($1.60 billion), down 3 percent but ahead of analyst forecasts, and adjusted operating profit of 178 million pounds, down 4 percent, on Thursday. ($1 = 0.7631 pounds) (Reporting by Paul Sandle; editing by Sarah Young)

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