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The Guardian

Burberry shares rise after reports Moncler is considering bid

The Guardian on
Burberry shares rise after reports Moncler is considering bid



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

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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