There’s every likelihood that Experian, the Nottingham, UK-based supplier of credit bureau and value-add services for e-commerce and customer relationship management will soon be spun off from its moribund parent and retail conglomerate, Great Universal Stores (GUS) plc. With revenues for the year ending March 31, 1999 reaching 898.5m pounds ($1.44bn) representing growth of 46% and an increase in trading profits of 35%, Experian is the group’s star performer and the only major division to see any profits rise. Any change in the ownership of Experian would have to consider the position of GUS stockholders, we are told, and decisions over a choice of de-merger or IPO have not yet been thrashed out.
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