BURBERRY BARRELS AHEAD: Bucking the downward trend in luxury goods sales, Burberry posted a 33 percent increase in total revenues — 18 percent on a comparable basis — for the third quarter ended December 2002. The company said in a statement Monday that retail sales, which represented 63 percent of total revenue in the quarter, increased by 64 percent, and by 32 percent on a comparable basis. The company added that growth came primarily from the U.K. and the U.S., where Burberry opened flagships during the period. Wholesale volume was flat on a comparable basis, partially reflecting the acceleration of deliveries into the first half compared with the prior year. The company said it anticipates high-single-digit wholesale sales growth for the spring season. Licensing revenue in the quarter increased by 9 percent, and 7 percent on an underlying basis.

FILA FINE: Fila Holding SpA said Monday it is back in compliance with New York Stock Exchange listing standards. NYSE criteria require the average closing price of a listed security to be at least $1 over a 30-day trading period and a listed company to have a global market capitalization and total shareholders’ equity in excess of $50 million. Last year, the Biella, Italy-based active and footwear maker was notified by the NYSE that it was not in compliance, andthat continued noncompliance could lead to delisting. The NYSE will continue to monitor Fila for continued compliance with listing criteria until at least April. The money-losing Fila has been on the selling block; it is owned by Italy’s Holding di Partecipazioni Industriali.

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