Wednesday 17 February 2010

Burberry announced restructuring measures for the Spanish market

U.K. luxury company Burberry announced that it will no longer design or sell collections produced exclusively for the Spanish market.

"With the continued economic downturn in Spain, it is no longer viable for Burberry to design and sell collections produced exclusively for this market," said the company in statement. "Losses are now expected from Spain in 2009/10 and beyond."