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GUS to sell breathe

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Great Universal Stores (GUS) is to sell trendy ISP breathe less than four months after buying the outfit for £1.4 million.

City sources told The Register that GUS has already been out pressing the flesh looking for a buyer although the outfit - which owns retailer Argos and online sales outfit Jungle.com - declined to comment on what it described as "rumour and speculation".

The news will come as a hammer blow to staff at the modern urbanist ISP who have endured a turbulent time at the company over the last six months.

In a trading statement issued today GUS made no mention of breathe merely adding to speculation about the future of the operation.

Recent press reports speculated that GUS intended to shut down the ISP although executives at breathe said they were bemused by the story.

The Register understands that GUS is now actively looking for a buyer.

A spokeswoman for GUS reiterated today that the company was interested in breathe for its technology.

Six weeks ago breathe announced it was to re-enter the unmetered ISP marketplace. Since then, however, the ISP has been waiting for final approval from its new owners. ®

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