Burberry to invest in new, bigger stores

LONDON - British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million pounds ($316 million) in new outlets and expanding existing stores in London, Chicago and Hong Kong. The 156-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern, said on Wednesday it made an underlying pretax profit of 376 million pounds ($594 million) in the year to March 31. That compared to analysts' average forecast of

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