MARKET TALK: Burberry's Chinese Store Deal Is Excellent - Evo

16th Jul 2010 09:55

0855 GMT [Dow Jones] Burberry's (BRBY.LN) acquisition of its Chinese business from its franchise partner is an "excellent" deal financially and gives the company greater control of its products, Evolution Securities analyst Dennis Weber says. Adds: "Strategically, this will allow Burberry to ensure that the brand is presented to consumers in a consistent fashion. It will also give the company full control of the further expansion of the business." Neutral rating and 830p target price. Shares +3.2% at 815p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 04:55 ET (08:55 GMT)