Burberry 1H Profit Drops in Difficult Luxury Environment

The transcript discusses Burberry's financial performance, highlighting the impact of foreign exchange rates, particularly the strength of the pound and the depreciation of the yen, on their sales and profits. Despite a 7% increase in sales, profits fell by 12%. The company is investing in marketing, including high-profile campaigns with Cara Delevingne and Kate Moss, and launching new products like fragrances. Challenges in Asia, such as protests in Hong Kong, have affected luxury brands, but Burberry is focusing on growth areas like beauty and digital innovation, including personalization and interactive experiences.

How did the strength of the pound and depreciation of the yen affect international brands?

What was the reported impact of foreign exchange on Burberry's profits?

What are the expectations for Burberry's performance in the second half of the year?

What external factors have affected luxury brands in Asia, particularly in Hong Kong?

What strategies is Burberry implementing to drive growth in the beauty sector?