Head of LVMH, an investor in Italy’s Moncler, reportedly keen to get deal done with British luxury brandBusiness live – latest updatesShares in Burberry have risen by more than 7% after reports suggested Italian rival Moncler may be considering a bid for the British luxury fashion brand.The spike came after the trade journal Miss Tweed reported that Moncler, which also owns Stone Island, was looking at a potential acquisition of Burberry, which has struggled as demand for luxury goods has fallen. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/04/burberry-shares-moncler-bid-lvmh
Author : Jack Simpson
Publish date : 2024-11-04 18:23:01
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