LONDON (Thomson Financial) - Stacey Cartwright, chief financial officer of Burberry Group Plc, said the luxury brand does not need acquisitions to grow its business. have a short wind

‘We’re quite happy with the level of organic opportunities that we have within the business in all of the extended product categories … There’s a lot of opportunity for Burberry to grow under its own steam,’ she told reporters after the group reported year to March 31 2008 results.

She declined to comment when asked if Burberry had received any takeover approaches.

Last month shares in the group rose sharply on market talk of a possible bid from Coach Inc (nyse: COH - news - people ), the U.S. handbag maker.

At 8:20 a.m. shares in Burberry were up 4 pence at 511 pence, valuing the business at 2.2 billion pounds.

james.davey@thomsonreuters.com

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