Burberry to Ramp Up Expansion Plans Upon Strong Profits

Luxury group Burberry plans to step up expansion, with a focus on emerging markets, e-commerce and menswear, after strong sales of coats and leather goods helped it beat profit forecasts. The 154-year-old British group, known for its camel, red and black check pattern, said on Wednesday it would almost double capital spending to $186 million in its 2010-11 financial year, despite an uncertain economic outlook.