Burberry hedges its bets in talks with InterParfums

Luxury fashion brand Burberry has served notice to fragrance company Interparfums, one of its worldwide licensees, of its intention to terminate their licence agreement at the end of this year.

Luxury fashion brand Burberry has served notice to fragrance company Interparfums, one of its worldwide licensees, of its intention to terminate their licence agreement at the end of this year.

Upon termination Burberry would pay InterParfums around €181m in cash.

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