Moncler Denies Acquisition Talks with Burberry

Reported 29 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

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