Burberry CFO says Asia has compelling prospects but faces increased competition

Burberry CFO Kate Ferry said Asia has very compelling long-term prospects for the luxury retailer, while warning that competition in the region will intensify. The comment is strategically positive on the growth opportunity but tempered by a cautious competitive outlook. No financial figures or near-term operating updates were provided.

Analysis

Burberry CFO Kate Ferry said Asia has very compelling long-term prospects for the luxury retailer, while warning that competition in the region will intensify. The comment is strategically positive on the growth opportunity but tempered by a cautious competitive outlook. No financial figures or near-term operating updates were provided.