By  on July 18, 2010

LONDON — Burberry is preparing a vigorous move on the Chinese market after sealing a deal to purchase its retail operations there for 70 million pounds, or $107.8 million at current exchange, in cash.

“This is the biggest deal we’ll do this year, and we’ve been in heavy dialogue about it for the past six months,” Angela Ahrendts, Burberry’s chief executive officer, said in an interview.

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