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Burberry records double-digit growth in Asia-Pacific, to open 20-30 stores worldwide

Luxury fashion designer Burberry has returned to profit after opening new stores and spending more on online marketing.

The company reported pre-tax profits of GBP166 million (USD240.5 million) for the year to March. A year ago it made a loss of GBP16.1m (USD23.3m), hit by charges at its Spanish operations.

It plans to open 20-30 stores this year worldwide.

(Source: BBC News)