BURBERRY TO ENTER ARMENIA’S MARKET?

news.am
May 27 2011
Armenia

World famous luxury retailer Burberry will probably appear in the
Armenian market.

In a statement issued on Thursday the company’s representative said
Burberry continued to enter new markets, such as Armenia, Egypt,
Israel and Mongolia via franchise agreements.

It is also mentioned that 16% of retail and wholesale revenues falls
on emerging markets such as China, India, Latin America, the Middle
East, Russia and Turkey, AFP reports.

The company reported that annual pre-tax profits jumped 39% this year.

The UK’s luxury fashion house has 174 retail stores, 199 concessions
in department stores and 44 outlet branches around the world.