Burberry shares rise after reports Moncler is considering bid
by Jack Simpson from World news | The Guardian on (#6RZ4B)
Head of LVMH, an investor in Italy's Moncler, reportedly keen to get deal done with British luxury brand
Shares 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.
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