Moncler is considering a bid for struggling British brand Burberry, boosting its shares by 7%.

Moncler, the Italian luxury brand, is reportedly considering a bid for struggling British brand Burberry, which saw its shares rise by over 7% following the news. While Moncler declined to comment on these rumors, analysts see potential in the acquisition despite challenges, such as Burberry's declining sales and the need for board approval. The luxury market is facing tighter consumer spending, complicating any potential deal.

November 04, 2024
25 Articles

Further Reading