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Burberry licenses fragrances and cosmetics business to Coty

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British luxury brand Burberry has agreed to license its fragrances and cosmetics business to Coty for $162 million, plus a $63 million payment for inventory, in a deal that will help it develop new products and give it the benefit of the U.S. group's extensive distribution network. Best known for…

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Click here to read the full story: Mail Online

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