Burberry to end InterParfums deal
Source: Bi-ME with Reuters , Author: Posted by BI-ME staff
Posted: Tue July 17, 2012 11:20 am



Run MS Office Pro
2010 on latest Win7
Ultimate OS to
increase your
business confidence




Buy HP Pavilion
 laptop with Corsair
DDR3 RAM for
superb performance




Need a personal loan
in Dubai? Contact
Citibank UAE for all
of your banking needs




Find real estate for
sale or rent in Middle
East on Properties
in Middle East


Buy China Electronics
Products at
Wholesale Price


Free Shipping


vestidos de fiesta


DinoDirect


Buy Twitter Followers


Wasserhahn & Duschen


Handgiftbox


dhgate

INTERNATIONAL. Luxury brand Burberry (BRBY.L) said it has served notice of its intention to end its fragrance and beauty products licence agreement with InterParfums (IPAR.PA) at the end of the year, though talks with the French company continue.

"To maintain flexibility in pursuing its objective to develop fully this business in the future, Burberry has served notice of its intention to terminate the licence agreement with effect from December 31 2012," Burberry said on Tuesday.

It said upon termination Burberry would pay InterParfums approximately 181 million euros.

However, Burberry also said discussions with InterParfums were continuing, adding their outcome "is uncertain".

Burberry and InterParfums, the exclusive worldwide license for Burberry fragrance and beauty products, have been in talks since last December regarding the potential establishment of a new operating model for the Burberry fragrance and beauty business.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 20, 2013
SAUDI ARABIA. Foreign investors may apply for such license in accordance with the Shipping Regulations provided that they comply with any other relevant law or bilateral, regional or international treaty to which the Kingdom is a party.
date:Posted: June 19, 2013
INTERNATIONAL. Year-to-date, the gold futures have corrected 18.43% to US$1,367 while the CRB Commodities Index dropped 2.91% and the Dollar Index rose 1.06%.
date:Posted: June 19, 2013
UAE. Jones Lang LaSalle report assesses the region's response to the global debate surrounding the environmental, economic and social sustainability of the built environment.
INTERNATIONAL. Federal Reserve Chairman Ben S. Bernanke is putting investors on notice that the central bank is prepared to begin phasing out one of the most aggressive easing programs in its century-long history later this year.



Wide selection of craft tools and coloured pencils will give more options to your creative side


Doing business in the Middle East? Your starting point is GulfTradeHolding, the Middle East Business Directory