GUS (retailer)

GUS plc was a FTSE 100 retailing, manufacturing and financial conglomerate based in the United Kingdom. GUS was an abbreviation of Great Universal Stores, the company's name before 2001, while it was also known as the Glorious Gussies amongst stockbrokers. The company started out as Universal Stores, a mail order business created by the Rose family. In 1931, Isaac Wolfson joined the mail order company and would, through a series of takeovers, turn it into a retail, manufacturing and financial conglomerate, becoming Europe's biggest mail order firm and with over 2,700 physical stores. His son, Leonard Wolfson, followed him as chairman, to be succeeded by his nephews David Wolfson (1996–2000) and Victor Barnett (2000–2002). During the 1980s, the business divested much of its physical retail and manufacturing subsidiaries under Leonard Wolfson to concentrate on mail order, property and finance. In October 2006, the company was split into two separate companies: Experian which continues to exist, and Home Retail Group which was bought by Sainsbury's in 2016.