Burberry Buys Chinese Retail Operations

London-based Burberry Group Plc plans to buy out its franchise partner in China for $107.5 million, according to Reuters.com. Under the agreement with Kwok Hang Holdings Ltd, Burberry will acquire 50 stores across 30 cities. The purchase is part of the companys plan to unify the brand globally. The company plans to improve productivity in the existing stores and open new stores as well. SAVE | EMAIL | PRINT | MOST POPULAR | RSS | REPRINTS DDI's RetailDesignDiva blog is dedicated to retail design issues, opinions and frustrations of the day.Read the Diva's recent rantings. DDI visited the