Burberry Group Plc's new Chief Executive Officer Christopher Bailey outlined Wednesday his growth vision for the U.K.'s largest luxury-goods maker as he reported full-year earnings that exceeded estimates.
"Tremendous opportunities lie ahead by channel, by region and by product category," Bailey, 43, said at his first results presentation in London. The development of Burberry's beauty business and a transition to fully controlling the company's Japanese unit "offer exciting further potential."
In Japan, the company plans to add to its four stores and 10 concessions in an effort to boost revenue to more than £100 million by fiscal 2017 with incremental profit of about £25 million.