Ahead of Burberrys exciting showcase which is the 1st to be shown on the NEW Digital streaming of London Fashion Week showcases they are going to be closing their spanish factory and cut 300 jobs in Barcelona. Spains current climate is detierating and no longer can provide the brand with exclusive ranges of clothes.
The clothes sold in Spain retail approximately 25 per cent less than the Burberry brand sold in the rest of the world. Burberry is now in talks with Spanish retailers over which shops will carry the more expensive global brand as a replacement for the local one. Department store chain El Corte Ingles is one of its biggest customers. Spain overall covers a small percnetage of Bureberry in sales and they have stated this will show in net profit this year.