Floating fashion
Article Abstract:
New Look is a retailer of women's clothing which plans to expand, investing an annual 30 million pounds sterling, adding 140 new stores by 2003 as well as boosting the average selling space in each store. The company has 440 stores and leads in the value-for-money market. The women's wear market is valued at 11 billion pounds sterling annually and looks set to expand by 22% in the five years from 1998. Value-for-money retailers are likely to see more of an expansion than traditional retailers of higher-priced clothing.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Gus rules out float
Article Abstract:
Gus does not plan a stock flotation for Burberry's, according to deputy chairman, Eric Barnes. Rose-Marie Bravo has been appointed as head of Burberry's, and this appointment led to speculation that the division was to be demerged. Burberrys has been valued at 800 million pounds sterling by Salomon Brothers, and the division has increased its profit by 100% to 60 million pounds sterling in the five years to 1997. Burberrys could be still more profitable, some analysts argue.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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