Checking in: Burberry lands in Latin America

Brasilia – British luxury goods company Burberry, famous for its camel check, has opened its first shop in South America, and plans to open four more stores this year.

‘We see South America as a big push for us,’ said Stacey Cartwright, Burberry’s chief financial officer.

The store in Brasilia opened after Burberry reported a full-year pre-tax profit of £166m in the year to March 31 2010. Last year it recorded a loss of £16.1m.

After a tough year in 2009, LS:N Global has recently reported on how the the global luxury goods market is recovering, for more read our Insight News article”.