Friday, 13 February 2009

Burberry secures shoes, accessories deal in Japan

Burberry has given just-style further details of its venture with business partners in Japan - designed to bolster its non-apparel offering in the country through new store openings.

The UK luxury goods firm first announced its joint venture agreement with Japan's Sanyo Shokai and Mitsui to sell shoes, belts and accesories in a bit to "intensify non-apparel development" in November

Burberry will look to open more than 50 stores in Japan over the next five years, with most as concessions and store-in-store formats.

Burberry views Japan as the largest luxury accessories market in the world.

Earlier in the month Burberry announced plans to cut up to 540 jobs in the UK and Spain as the company restructures its European manufacturing base in the face of the economic downturn.

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