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0 · Burberry shares pop as Albert Frère discloses 3% stake
1 · Burberry Surges as Billionaire Albert Frere Buys 3% Stake (2)
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Burberry shares jumped on Tuesday after Albert Frère’s Groupe Bruxelles Lambert disclosed a 3 per cent stake in the luxury British retailer known for its trench coats.
Frere, a longtime business associate of LVMH Chief Executive Officer Bernard Arnault, is buying into Burberry via Groupe Bruxelles Lambert SA , an investment firm that . Burberry shares jumped on Tuesday after Albert Frère’s Groupe Bruxelles Lambert disclosed a 3 per cent stake in the luxury British retailer known for its trench coats. Frere, a longtime business associate of LVMH Chief Executive Officer Bernard Arnault, is buying into Burberry via Groupe Bruxelles Lambert SA , an investment firm that owns stakes in energy. The Belgian billionaire's Groupe Bruxelles Lambert said it would sell its Burberry stake of about 6.6 percent through a private placement, with Goldman Sachs acting as the bookrunner.
Shares in Burberry jumped almost 2 per cent on Monday afternoon after Belgian billionaire Albert Frère boosted his stake in the luxury retailer from 3 per cent to 4 per cent.
LONDON, United Kingdom — UK trenchcoat maker Burberry Group Plc surged after Belgian investor Albert Frere reported buying a 3 percent stake in the company. The . Less than five months after making its first investment in Burberry, GBL, the investment fund controlled by Belgian billionaire Albert Frère and the Desmarais family trust, has upped its.
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Burberry shares pop as Albert Frère discloses 3% stake
PARIS (Reuters) - Belgian billionaire Albert Frere has raised his stake in Burberry (>> Burberry Group) from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns. Burberry shareholders had plenty to smile about Tuesday as the the share price rose strongly on the back of news that Albert Frère had acquired 3% stake in the UK luxury firm. They rose 6% at one point. LONDON — Shares in Burberry Group were down 7.7 percent to 17.39 pounds in early morning trading on Wednesday after Groupe Bruxelles Lambert, the investment holding company, announced it had sold. Belgian billionaire Albert Frere has raised his stake in Burberry from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that.
Burberry shares jumped on Tuesday after Albert Frère’s Groupe Bruxelles Lambert disclosed a 3 per cent stake in the luxury British retailer known for its trench coats. Frere, a longtime business associate of LVMH Chief Executive Officer Bernard Arnault, is buying into Burberry via Groupe Bruxelles Lambert SA , an investment firm that owns stakes in energy.
The Belgian billionaire's Groupe Bruxelles Lambert said it would sell its Burberry stake of about 6.6 percent through a private placement, with Goldman Sachs acting as the bookrunner. Shares in Burberry jumped almost 2 per cent on Monday afternoon after Belgian billionaire Albert Frère boosted his stake in the luxury retailer from 3 per cent to 4 per cent.
LONDON, United Kingdom — UK trenchcoat maker Burberry Group Plc surged after Belgian investor Albert Frere reported buying a 3 percent stake in the company. The . Less than five months after making its first investment in Burberry, GBL, the investment fund controlled by Belgian billionaire Albert Frère and the Desmarais family trust, has upped its.
PARIS (Reuters) - Belgian billionaire Albert Frere has raised his stake in Burberry (>> Burberry Group) from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns. Burberry shareholders had plenty to smile about Tuesday as the the share price rose strongly on the back of news that Albert Frère had acquired 3% stake in the UK luxury firm. They rose 6% at one point. LONDON — Shares in Burberry Group were down 7.7 percent to 17.39 pounds in early morning trading on Wednesday after Groupe Bruxelles Lambert, the investment holding company, announced it had sold.
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Burberry Surges as Billionaire Albert Frere Buys 3% Stake (2)
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burberry albert frere stake|Burberry shares pop as Albert Frère discloses 3% stake
