Burberry Outlet,Burberry Scarf-10

According to foreign reports, the UK’s largest luxury retailer Burberry Group (Burberry) will be 70 million pounds (108 million US dollars) to take over China Burberry franchise stores, the deal or Burberry earnings will rise 10%.

Burberry will acquire 50 stores and franchise partners Kwok Hang Holdings related assets. As of March 2012, the acquisition will bring Burberry 20 million pounds of operating profit.

Burberry Outlet

Burberry Outlet

Burberry Outlet

Burberry Outlet
“From the economic point of view, the acquisition is very sensible.” By fiscal year 2012, Burberry’s earnings per share will increase by 6%, according to Dennis Weber of Evolution Securities.

Luxury companies are seeking opportunities to open up the market in China. According to Capgemini and Merrill Lynch, the number of millionaire in China surged by 31% last year. Chinese Academy of Social Sciences in May said that in the next 5 years, China’s luxury goods market will be worth 14.6 billion US dollars, ranking first in the world.

London time at 4:30 pm, Burberry shares rose 9 pence, or 1.1%, to 799.5 pence. Burberry shares rose 33% this year, the company’s market value of 3.5 billion pounds.

Burberry Outlet

Burberry Outlet

Burberry Outlet

Burberry Outlet
“Very attractive”

“From a strategic and financial point of view, the acquisition is very attractive, so that we can control this is the development of the luxury market.” Burberry CEO Angela Allen said, “We see the sales and profits to further improve opportunity.”

As of December 2009, the retail sales of Chinese franchise stores, according to wholesale revenue, a total of 75 million pounds, for the local franchise store income 14 million pounds. If Burberry took over the store in the fiscal year ending March 2010, its retail sales would account for 63% of total sales; if not, the retail sector accounted for 58%.

Burberry revealed that the total assets acquired were valued at £ 30 million. Excluding costs, the operating profit for FY10 was £ 216.9 million. All cash acquisitions will be completed by the end of 2010.

In accordance with the new agreement, Burberry will take over the store’s management, the existing franchise stores have 15% of the shares. Burberry direct operation of 13 Hong Kong stores, a store in Macau and 19 stores in Taiwan, and plans to open 10 stores in China this year.

Burberry Outlet

Burberry Outlet

Burberry Outlet

Burberry Outlet
PS: Burberry Burberry has the ambition to buy stores in ChinaAccording to foreign media reported that the UK’s largest luxury retailer Burberry Group (Burberry) will be 70 million pounds (about 725 million) to take over China Burberry franchise stores, the deal or will make Burberry earnings rose 10% TheReported that Burberry will acquire 50 stores and franchise partners Kwok HangHoldings company related assets. As of March 2012, the acquisition will bring Burberry 20 million pounds of operating profit.Burberry revealed that the total assets acquired were valued at £ 30 million. Excluding costs, the operating profit for FY10 was £ 216.9 million. All cash acquisitions will be completed by the end of 2010.Under the new agreement, Burberry Burberry will take over the store’s management, the existing franchise stores have a 15% stake. Burberry directly operates 13 Hong Kong stores, 1 Macau store and 19 Taiwan stores, and plans to open 10 stores in China this year.

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