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Article: BURBERRY TO FLOAT UP TO 25%.(securities to be issued)(Brief Article)(Product Announcement)
- Article from:
- WWD
- Article date:
- December 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Burberry is officially checking into its public worth.
On Thursday, as it announced operating profits that leaped more than sixfold in the first half, the British luxury firm said it intends to float up to 25 percent of the company on the stock market within the next 18 months.
"We're happy about the recognition," Rose Marie Bravo, Burberry's chief executive officer, told WWD. "We're excited about the progress we've made with Burberry and the financial results show it. We're delighted and proud of our team and we're going to keep on track, focusing on the business and new opportunities."
Thursday's initial public offering ...