The brand believes local markets hold the key to growth as countries worldwide start to ease out of lockdown.
Sales fell 3.2 percent in the year while operating profit was down 57 percent due to the COVID-19 crisis.
Around 40 percent of Burberry’s directly operated stores globally are now closed, with additional closures expected in the coming days.
Burberry did not quantify the impact on year-end results and stopped short of issuing a full-blown sales and profit warning.
The company has raised its revenue guidance despite a severe decline in Hong Kong, and has added an extra 5 million pounds in cost savings for fiscal 2019-20.
The second half will be challenging, as the British pound strengthens and Hong Kong deteriorates.
Le Bleis will begin work on Jan. 6, and replaces Roberto Canevari, who has taken up a role at Unilever.
The company is naming a director of diversity and inclusion, and plans to offer staff unconscious bias training.
First-quarter retail sales rose 4 percent, defying analysts’ expectations.
New, Riccardo Tisci-designed product increased to around 50 percent of the offer in the first quarter, which ended on June 29.
Revenue may have been flat in fiscal 2019, but Marco Gobbetti said the company’s transformation is on track, as he confirmed the outlook for 2020.
Profit climbed 15 percent to 339 million pounds, due to adjusting items, as the company reconfirmed its sales and profit guidance for 2020.
In 2015, Christopher Bailey had announced plans to build a state-of-the-art factory on the site in Leeds, in West Yorkshire.
Barneys will be the first store to carry pieces from the new collection, starting Feb. 6.
Retail revenue dipped 1 percent to 711 million pounds in Q3, while like-for-like sales rose 1 percent, falling short of analysts’ projections.