Burberry to Invest in New, Bigger Stores

British luxury brand Burberry hopes to insulate itself against global economic headwinds by investing in bigger stores in major cities such as London, Chicago and Hong Kong that are popular both with tourists and the super rich. Reporting another jump in profit on Wednesday, Burberry said it would invest up to 200 million pounds ($316 million) in the business over the coming year with about one-third of it going towards larger format outlets, including a relocated store on London's Regent Street and a rebuild in Chicago.