Update - Acquisition of Chinese retail operations

RNS Number : 7611F

Burberry Group PLC

01 August 2016

 

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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