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Burberry Share News (BRBY)

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Share News for Burberry (BRBY)


Share Price: 1,854.50Bid: 1,848.50Ask: 1,855.50Change: 2.00 (+0.11%)Riser - Burberry Grp
Spread: 7.00Spread as %: 0.38%Open: 1,842.50High: 1,860.50Low: 1,842.50Yesterday’s Close: 1,852.50




Burberry ends BPI perfume licence talks -sources

Wed, 19th Sep 2012 18:49

By Astrid Wendlandt and Antonella Ciancio

PARIS, Sept 19 (Reuters) -
Talks have ended between Burberry and Beaute Prestige International (BPI) about a partnership to make and distribute the UK fashion brand's perfumes, two industry sources with direct knowledge of the matter told Reuters on Wednesday.

Negotiations collapsed because Burberry wanted to bring the fragrance business in-house to consolidate its sales and use BPI, the perfume unit of Japan's Shiseido, mainly as a distributor, one of the sources said.

Burberry is now seen as likely to press ahead with the move in-house, implying new costs. Depending on how the transition is managed, it could also lead to lost perfume income in the short term, analysts said.

'BPI was in talks with Burberry for a long time but what BPI could bring them was not what they wanted, so the talks ended,' the first industry source said, adding that BPI's strength lied in its vast travel retail distribution network.

Ending talks with BPI raises questions as to whether Burberry will be able to revamp its distribution and find a manufacturer for its perfumes before a licence agreement with Interparfums ends on Dec. 31.

Burberry, which issued a profit warning last week, said in July it would buy back its perfume licence from Interparfums for approximately 181 million euros ($236 million) after failing to reach an agreement with the Paris-listed perfume maker.

($1 = 0.7660 euros)



(Editing by James Regan) Keywords: BURBERRY SHISEIDO/

(james.regan@thomsonreuters.com; +33 (0)1 49 49 53 84; Reuters Messaging: james.regan.thomsonreuters.com@reuters.net)

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The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.






UPDATE 2-Financials, miners lead FTSE 100 rebound, but Burberry, Thomas Cook slip

* FTSE 100, FTSE 250 up 0.8%* Banks, miners boost main index* Burberry slumps after FY report* Profit warning takes Thomas Cook to multi-year low* Gen
[16 May '19 10:04]

Huawei ban fans China-U.S. worries, hits FTSE 100; Thomas Cook slumps

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3%* FTSE 250 up 0.3%* Thomas Cook slumps to multi-yr low* Bu
[16 May '19 08:40]

European stocks dip as U.S. sanctions on Huawei add to trade anxiety

(For a live blog on European stocks, type LIVE/ in an Eikon news window)May 16 (Reuters) - European shares retreated on Thursday after Washington blac
[16 May '19 08:02]

UPDATE 3-Burberry's profits lack new designer's touch

* Full-year adj operating profit down 6%, missing market view* Revenue flat at 2.72 billion pounds* Says very encouraged by response to Tisci's new co
[16 May '19 07:59]

CORRECTED-Burberry reports steady full-year profit

(Corrects to read Tisci, paragraph 1)LONDON, May 16 (Reuters) - British luxury brand Burberry reported broadly flat full-year revenue and profit on Th
[16 May '19 07:21]

UPDATE 2-London's FTSE 100 falters, outcome of U.S.-China talks awaited

* FTSE 100 down 0.9 pct* FTSE 250 down 1.3 pct* BT slumps after FY results* RSA, Barratt higher on trading updates* Metro slips to a fresh life low (A
[9 May '19 10:02]

U.S.-China trade tensions haunt London's FTSE 100

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* FTSE 250 down 0.6 pct* RSA higher after Q1 report* Su
[9 May '19 08:57]

UPDATE 2-FTSE 100 flounders as miners, exporters drag; Metro Bank plummets

* FTSE 100 down 0.5 pct* FTSE 250 down 0.6 pct* Miners, exporter shares drag on main index* Shell, Smith & Nephew outshine* Metro Bank hits life-low a
[2 May '19 09:43]



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