Burberry Group plc (LON: BRBY) will be sold on a positive note

Burberry Group changes its owner

In brief: Burberry Group plc (LON: BRBY) can go under the hammer. At the same time, Burberry Group shares continued to rise in price.

Burberry Group plc (LON: BRBY) stopped at a mark of 864.50 points, gaining +9.00 (1.05%) from the UK stock market opening. The world market for luxury shocked by the news of the possible sale of the British company Burberry Group Plc., One of the largest manufacturers and sellers of luxury-goods.

At first, among the potential buyers named LVMH Moet Hennessy Louis Vuitton. But now the glamorous public assumes that it is Pinault-Printemps-Redoute (PPR) holding company. PPR – an influential player in the luxury market. PPR is owner of Gucci Group, which controls the Italian fashion house La Bottega Veneta and jewelry brand Boucheron. Recently, Gucci enjoys the special attention and care from his owner. Even before the crisis, the owner PPR, François-Henri Pinault has decided to concentrate solely on the holding luxury, giving up a second business line company – retail.

Anrey Torbinski
2010-08-09 11:57, Economics.

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