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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.

Author: Dandy, Emma
Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
Investments, New Look Group PLC

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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.

Author: Osborne, Blair
Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
Mergers, acquisitions and divestments, Great Universal Stores PLC, Burberrys Ltd.

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Subjects list: Clothing stores
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