you must have a three-letter acronym

£11m in licence revenue was lost from wholesale and is Gucci cosmetic case bagnow reported under beauty so, adjusted for this, licence revenue rose 2pc on the same point last year. Management expects the full-year licence revenue to be similar to last year at about £82m. Burberry is growing strongly in its core retail business and profit margins are improving. The group also has a good mix of online and high street locations across the world.eraged.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.s t divas, have made their own little by little,” says Stefano Gabbana, who recalls that leopard print dresses were considered daring – scandalous, even – when he co-founded Dolce & Gabbana in 1985. “For Gucci duffle bagus, leopard print is universal, irrespective of age or profession,” adds his design partner Domenico Dolce. Fellow Italian designer Roberto Cavalli has long had a love for these patterns. “Nature created the animal print and I just put my own twist on it,” he says. “What I appreciate most about leopard is its strong graphic identity that also lends itself to interpretation. As long as you wear it with confidence and ease, leopard will always be empowering.” Empowering it may be, but it is best to tread carefully while wearing the print in a business setting. “The more black you pair it with, th It is probably no coincidence that this mass

outbreak of Banned Word Syndrome (or BWS, as you must have a three-letter acronym) accompanied a set of results in which Wal-Mart revealed falling sales. So this first category of words which shouldn’t be used, and which should raise your suspicions when they are, is words which are used for a meaning beyond their original purpose. Other examples include “runway” used to describe the scope for development of a product or service as in “there’s plenty of runway to develop sales for this product”. A runway is a strip on which an aircraft lands or takes off. You should only describe something as Hermes kelly 35cm“key” if it relates to a lock, so no “key object However, the shares reflect this – rated at 19.1 times 2014 earnings, falling to 17 times next year. Burberry warned that in the second half the outlook is uncertain and currencies are volatile. Against this backdrop, the group has to deliver a strong second half performance to hit full-year revenue, profit and earnings forecasts (see table). Questor thinks Burberry is a quality company but wholesale, which accounts for about a third of the business, is not really growing. Also the licensing division which contributes about a fifth of operating profit is looking fairly flat. Questor is reluctant to pay a high rating for a