By  on November 7, 2012

LONDON — Burberry has lifted the veil on plans for its new beauty division, and said overall capital expenditure for the year would remain unchanged despite an uncertain climate and unpredictable footfall worldwide.

The company on Wednesday reported a 27.5 percent decline in first-half profits to 85 million pounds, or $134.3 million, due entirely to exceptional items linked with its long-term expansion plans, in particular the termination of its fragrance license with Inter Parfums SA.

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