1st Aug 2016 07:00
1 August 2016
Burberry Group plc
Acquisition of remaining 15% of Chinese retail operations
Further to the acquisition of our retail operations in China in 2010, Burberry today announces it has acquired the remaining 15% economic interest in its China business held by Sparkle Roll Holdings Limited, a non-Group company. The transaction, at a cost of £54m, now gives Burberry 100% economic interest in the Group's business in China.
Enquiries
Investors and analysts
Carol Fairweather | Chief Financial Officer | 020 3367 3524 |
Fay Dodds | VP, Investor Relations |
Media | ||
Venetia Hendy | Director of Corporate Relations | 020 3367 4194 |
Nick Claydon | Brunswick | 020 7404 5959 |
Katherine Spence | Brunswick |
This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Burberry Group plc shares, in the UK, or in the US, or under the US Securities Act 1933 or in any other jurisdiction. Certain financial data within this announcement have been rounded.
Burberry, which is headquartered in London, was founded in 1856. It is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index. Its ADR symbol is OTC:BURBY.
BURBERRY, the Equestrian Knight Device and the Burberry Check are trademarks belonging to Burberry which are registered and enforced worldwide.
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