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The Times & The Sunday Times
The Times & The Sunday Times
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Directors' Deals: Burberry boss fashions £700,000 profit

The Sunday Times
The Sunday Times

Shares in GUS, the retail group, have been strong performers recently, climbing more than 20% in the past three months.

This fact has not been lost on Rose Marie Bravo, chief executive of Burberry, the upmarket fashion house in which GUS has a majority stake. She took advantage of the share-price surge to cash in options on 300,000 GUS shares, netting a profit of just under £700,000.

Bravo has built up a strong following in the City thanks to Burberry’s performance since it was partially floated from GUS two years ago.

John Peace, chairman of Burberry and GUS’s chief executive, underlined his faith in her this week by buying 34,000 Burberry shares at 393p, taking his holding to 50,000.

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GUS reduced its holding in the firm from 77.5% to 67.5% last November.

Source: www.digitallook.com