News
« Ungaro Has Designs On Dundas | | P&G Likes The Smell Of D&G »
December 14, 2005
GUS, Burberry Part Ways
Shares of Burberry dipped following its spinoff Tuesday from retail and business services group GUS Plc.
GUS decided to cut the luxury brand loose earlier this year in an effort to clean up its balance sheet.
Burberry posted strong gains in 2004, including a 16% profit increase, but started to see its profits slide in 2005.
Posted by Blacks on December 14, 2005 06:28 PM
Comments
Post a comment