Burberry shares rise but challenges await new CEO

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DEMAND for trenchcoats made in Yorkshire and large leather bags helped Burberry top Christmas sales forecasts, though the luxury brand said its incoming chief executive Christopher Bailey, who is from Halifax, might have to cope with a hit to profit from a stronger sterling in the months ahead.

Shares in the 158-year-old firm known for its camel, red and black check pattern rose up to 7.1 per cent, as investors welcomed strong sales over the period.

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