she’s focused more on profit

albeit on a small scale, in Japan, where it will take over its own apparel license in 2015. The company now operates four stores in the country which have seen double-digit sales growth in the first half. euros ($3.5 billion) at KBL Richelieu Gestion in Paris, said. “Yellen meant the economy needs more liquidity and that the Fed cannot take it out very quickly. Without that, the market would not be supported. It’s good for the market, but it means the macro is not so good.” Critical Juncture Yellen’s testimony comes Louis Vuitton cosmic blossomat a critical moment for monetary policy. The Federal Open Market Committee she is poised to lead is considering whether to begin slowing its $85 billion monthly bond-purchase program, which is pushing the Fed’s

 Ahrendts has long said that she’s focused more on profit growth than revenue growth, but net profit declined 3.5% to £254 million ($388 million) in the first half, largely because of investments being made in Burberry’s beauty business, which is expected to generate wholesale revenue of about £140 million (about $225 million) and incremental retail/wholesale profit of around £10 million for full-year 2014. ay, Burberry posted results for the first Louis Vuitton epi leather half of the year, breaking sales of more than £1 billion (about $1.5 billion) for the first time, up 17% from the same period a year prior. Sales for the full year increased 7.4% to £2 billion. Perhaps Ahrendts’ biggest accomplishment at Burberry was transforming its business from a wholesale

(i.e., one that sells most of its products through third parties, like department stores) to a retail one (in which Burberry sells Louis Vuitton mini linmost of its own goods to consumers through its own channels, including Burberry stores and its website). Retail now accounts for exactly two-thirds of Burberry’s overall business, up two percentage points from the first half of last year. Meanwhile, wholesale sales also continued to gro Burberry is planning to close 15 stores and open 25 more next year, most of which will be in the emerging luxury markets of China and Latin America.