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The company is offering 14.06 million shares of common stock priced between $15 and $17 apiece.
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The company did not sufficiently assess whether it had enough staff to review potentially illegal listings, and it overstated the effectiveness of its detection and removal systems.
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Retailers and consumers can use the Bank of England’s “look, feel and check” method to identify genuine UK banknotes and spot potential counterfeit notes.
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This marks only the third time since 2007 that the retail sector has recorded more warnings in the second quarter than the first.
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The company attributed top line growth to double-digit gains in grocery, fashion and lifestyle, and consumer electronics.
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Regionally, EMEIA was the weak spot, down 3%, a result Burberry attributed to fallout from the Middle East conflict and reduced tourist spending.
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