Luxury British clothing brand, Burberry, could be on track for a flotation in the autumn. The £1.2bn-plus flotation of the designer business is still on track, say sources, but it would be later than the summer because of unfavourable market conditions. Burberry, owned by home shopping giant GUS, has been making great strides ahead since it reinvented itself as a trendy designer label, worn by royalty and models like Kate Moss.