UK: GUS Set To Reveal Burberry Float Details
Retail group GUS is this week expected to announce a final timetable for the partial flotation of its luxury fashion brand Burberry and reveal a big jump in annual profits. The GUS is set to unveil details of the 25 per cent floatation - which is expected to value the company at £1.2-£1.3 billion - when it announces its full-year results on Wednesday.