Burberry celebrates 10 years on London Stock Exchange
- Angela Ahrendts, Burberry CEO, opens trading on London Stock Exchange
- Burberry share price increased 436 per cent since admission in 2002
- Burberry revenues up 272 per cent since listing
London Stock Exchange this morning celebrated the ten year listing anniversary of Burberry Group plc. Angela Ahrendts, Burberry Chief Executive Officer, marked the occasion by opening London trading in a Market Open Ceremony together with Burberry Chairman Sir John Peace and members of the Burberry senior executive team. Xavier Rolet welcomed Burberry to the London Stock Exchange.
Burberry first listed on London Stock Exchange in July 2002 with a market capitalisation of £1.2 billion and an issue price of 230p. Its share price closed yesterday at 1,232p – a 436 per cent increase since listing, giving the company a market capitalisation of £5.4 billion. Since listing, Burberry’s annual revenues have grown by 272 per cent and in 2009 the company was admitted to the prestigious FTSE 100 index, alongside some of the world’s largest and most successful companies.
Xavier Rolet, CEO of London Stock Exchange Group said:
"We are delighted today to offer our congratulations to Burberry, a truly inspiring British success story. Our Group is home to many of the world’s most recognised luxury brands, who, like Burberry, represent some of the strongest growth stories on our markets.
"As an immensely successful British business and world-renowned brand that continues to expand globally, Burberry’s success demonstrates the power that equity funding and a vibrant international market can have in nurturing growth."
Angela Ahrendts, Burberry Chief Executive Officer said:
"The past ten years have formed a remarkable chapter in Burberry’s 156 year history and it is an honour to celebrate this moment by opening trading at London Stock Exchange today.
"The achievements of our global teams over the past decade position Burberry strongly for the future and we look forward with confidence to the next stage of our journey as a listed company."
Sir John Peace, Burberry Chairman, commented:
"The listing of Burberry on London Stock Exchange was an important milestone for this great, iconic British brand. In the ten years since then, Burberry has delivered significant value for shareholders and we take great pride in its performance."
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About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.
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