PREVIEW-Burberry Q1 revenues seen up 15 pct

* Q1 trading update 0600 GMT on Tuesday, July 13

* Revenues seen 259-271 mln stg in poll of eight analysts

* Retail revenues seen 169-179 mln stg

* Wholesale revs seen 70-73 mln stg; licensing 17-20 mln

By Mark Potter

LONDON, July 9 (Reuters) - British luxury goods group Burberry (BRBY.L) is set to report a 15 percent rise in first-quarter revenue on Tuesday, boosted by strong growth in accessories, in Asia and through its own retail outlets.

The 154-year-old maker of raincoats and handbags, which is best known for its camel, red and black check pattern, will report revenues of about 263 million pounds ($399 million) for the three months ended June, according to the average forecast of eight analysts polled by Reuters.

Underlying growth, stripping out currency moves and restructuring costs, is likely to be a little under 15 percent, they added.

Luxury goods companies mostly enjoyed a strong start to 2010 as the world economy moved out of recession.

But moves in several countries to rein in government borrowing, such as higher taxes and public spending cuts, have raised fears that demand will slow again.

French luxury group Hermes (HRMS.PA) said last month that January-May sales rose slightly faster than in the first quarter, though it also warned that year-on-year comparisons would get tougher in the second half. [ID:nLDE6560Y1]

Burberry weathered the recession better than many rivals thanks to a quick response which saw it slash costs, jobs, stocks and ranges.

In May it announced plans to step up its expansion, with a focus on emerging markets, e-commerce and menswear.

Analysts expect particularly strong sales growth in Asia, while Europe is likely to be held back by a weak Spanish market.

Growth should also be led by Burberry's own stores, where revenues are seen rising 18 percent, or by between 7 percent and 10 percent from outlets open at least a year.

Wholesale revenues are also tipped to rise about 13 percent to 71 million pounds, while licensing revenues are expected to fall between 5 and 10 percent on an underlying basis, in line with company guidance.

Burberry shares have outperformed the STOXX 600 personal and household goods sector .SXQP by 27 percent this year. At 1005 GMT, they were up 1 percent at 794.5 pence, valuing the business at about 3.3 billion pounds. (Editing by Michael Shields)