Burberry to accelerate expansion after beating forecast

Burberry posted a 23% surge in annual profit and said it would ramp up its expansion plans. The company will focus on Brazil, Mexico and other emerging markets as well as its online sales as it nearly doubles its capital spending this financial year. "While mindful of the economic environment, Burberry plans to build on its strong financial position by accelerating investment in growth initiatives in retail, digital and new markets," Burberry CEO Angela Ahrendts said.

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