1st Aug 2016 06:39
LONDON (Alliance News) - Burberry Group PLC Monday said it now wholly owns its Chinese retail operations after purchasing the remaining stake in the business from Sparkle Roll Holdings Ltd.
Burberry has purchased the 15% stake in the Chinese retail business that it did not already own for a total of GBP54.0 million, pushing the London-listed fashion house's ownership up to 100%.
The company did not release any further details.
By Joshua Warner; [email protected]; @JoshAlliance
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