Burberry sales up on Asia growth

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Fashion company Burberry said it had continued to benefit from its growing presence outside Europe, as it reported rising sales.

Sales grew by 21% in the six months to the end of September - or by 17% not including new stores.

There had also been a "material improvement" in profit margins, it added.

Much of the growth came from within Asia where sales were up by 50% - driven largely by China.

In comparison, sales in Europe grew by only 9% over the same period.

Earlier this year, the firm said it had agreed to buy out its franchisees in mainland China - a move it hoped would help it to make the brand more consistent by gaining greater control over the merchandise and how it is marketed.