The
leading British fashion brand Burberry ended 2021 in Georgia with a
profit of GEL 1,715,521. In 2021, the company’s
income (Leader System LLC) stood at GEL
1,715,521. In the reporting period,
the company owned assets of GEL 5 million.
LLC Leader System, operator and representative company of British luxury brand BURBERRY in Georgia , it also has the right to use the company's name, logotype and other trademarks.
As
it turns out, most of
the company's products are sold in Tbilisi.
The company carried out a cost
optimization in 2018-2019 and posted a
profit of 870,531 GEL in 2019, however, the pandemic in 2020 and
exchange rate fluctuations caused the greatest financial loss
in the amount of GEL
3,092,644 to the company.
The
Burberry store is located on the first floor of the Tbilisi
City Assembly
building on Freedom Square. The lease payment
the company paid in 2021 made GEL
600,418. Administrative and other operating costs amounted to GEL
1,025,565, the company spent GEL 687,448 on salaries
for the staff.
"Leader
System" LLC has been operating in Georgia since 2011. The
company founder and 100% owner is Hayk Khachatryan, a citizen of
Armenia. The company is engaged in retail
trade of construction materials, shoes, bags and clothes.