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The Guardian // Lifestyle

Burberry shares rise after reports Moncler is considering bid

Monday 4th November 2024, 11:14AM

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...

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