Burberry to buy rest of Chinese retail operations

Burberry, the UK-based luxury goods and fashion house has said that, further to the acquisition of retail operations in China in 2010, it has acquired the remaining 15% stake in its China business held by Sparkle Roll Holdings Limited, a non-Group company.

The transaction, at a cost of £54m (US$71m), gives Burberry a 100% stake in the Group’s business in China.