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January 14, 2002

UK: Partial Float Of Burberry Still On The Cards

With sales of its luxury brand showing a strong recovery in December, particularly in the US, GUS says that it still plans a partial float of Burberry by June 2002. Despite the immediate negative impact of September 11, the Group, formerly known as Great Universal Stores, reported sales at Burberry in the third quarter were little changed from last year. Japan saw particular volume growth.

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