Burberry takes 100% ownership of its China business - leatherbiz: Lead Leatherbiz

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Burberry takes 100% ownership of its China business

02/08/2016
Burberry takes 100% ownership of its China business
Luxury brand Burberry has bought out its partner in China and now owns 100% of its business there.

It moved on August 1 to acquire the 15% share of its Chinese business held by partner Sparkle Roll Holdings Limited held.

The deal cost Burberry £54 million, which values the brand’s business in China at £360 million. Burberry has around 30 stores in China.


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