Reported 13 days ago
Moncler is not in discussions to acquire Burberry, according to sources, contradicting a report from the Mail on Sunday that suggested an imminent bid. Following the news, Burberry's shares dropped by 2.2%, reversing earlier gains. Burberry is set to announce its half-year results soon, where new CEO Joshua Schulman is expected to outline a strategic update due to recent sales declines.
Source: YAHOO