Home Retail Burberry looking for a new Indian partner

    Burberry looking for a new Indian partner


    Group, the UK-based luxury retailer, is on the verge of ending its tie-up with the UAE-based Group in India and is reported to be looking for an Indian partner.

    Burberry incur losses in second half
    The British luxury fashion house has seen a drop in sales figures in the second half year due to low demand

    The 150-year-old retailer currently has three stores in the country at Delhi and Bangalore. It had set up its first store in September 2008. The increased focus of the Burberry group on emerging markets like India stems from the fact that, in 2008-09 emerging markets contributed 9 % of its sales, up from 6% the year before.

    Source: Hello!