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Billionaire Frere to Sell Entire $700 Million Burberry Stake | Tony Seruga
May
08

Billionaire Frere to Sell Entire $700 Million Burberry Stake

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  • Groupe Bruxelles Lambert to sell 6.6 percent Burberry holding
  •  Frere began building investment in trench-coat maker last year

Frere’s Groupe Bruxelles Lambert SA is offering 27.6 million shares in a private placement via Goldman Sachs International, according to a statement Tuesday. The firm said proceeds from the sale of the stake, equal to 6.6 percent of the London-based luxury company, will help it make new investments…

Billionaire Frere to Sell Entire $700 Million Burberry Stake

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