Licences delivered £42m in revenue

agreement for the sale of fragrances, so the beauty products division is discount Louis Vuitton bagnow reported separately. Beauty sales, which include products such as men’s fragrances, were £51m in the first half. Management needs these to accelerate significantly in the second half to hit full-year targets of £140m. use an expression if its opposite is so nonsensical that you would never say it. I have seen innumerable companies say they have a High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste

the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to bu e wearing the print in a business setting. “The more black you pair it with, the more that it will help mute the print but still allow it to flash,” says Alexandra Lebenthal, president and chief executive of municipal bond dealer Lebenthal & Company, who still counts her 10-year-old Equipment leopard print jacket as a wardrobe staple. At Saks, Sherin advises the feline-shy to ease into the print with an accessory, such as a loafer or as a Gucci suitcasetreatment on a lapel, in lining or as outerwear. “Wear leopard in a place you want to draw the eyes to,” she says. strategy of “select acquisitions”. Would anyone ever admit to a policy of indiscriminate acquisitions (although it seems that’s what many of them actually do)? The new Governor of the Bank of England, Mark Carney, has been struggling to get the markets to accept his “forward guidance” on interest rates. He might like to pause to think whether he would ever use backward guidance. If so, perhaps he would also be happy to “group together” (can you group apart?) and do some “forward planning” (what other sort is there?). Perhaps he would have more success if The final piece of the revenue puzzle is

licensed products, such as glasses and watches. Licences delivered £42m in revenue in the first half, down from £53m in same period last year. However, bringing fragrances in house means £11m in licence revenue was lost from wholesale and is now reported under beauty so, adjusted for this, licence revenue rose 2pc on the same point last year. Management expects the full-year licence revenue to be similar to last year at about Louis Vuitton cosmic blossom£82m. Burberry is growing strongly in its core retail business and profit margins are improving. The group also has a good mix