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Business

Moncler repeats it won’t comment on ‘unsubstantiated rumors’ about Burberry
Moncler logo displayed on smartphone screen.

Published : 3 weeks ago, on

MILAN (Reuters) – Italy’s Moncler on Monday reiterated it would not comment “on unsubstantiated rumors”, when asked about a Daily Mail report about a possible takeover by the luxury outerwear maker for British luxury brand Burberry.

Shares in Burberry rose 3% in early trade after the Daily Mail reported that the British label was close to being bought by Moncler. Shares in Moncler fell 2% by 0900 GMT.

Earlier this month website Miss Tweed reported that Italy’s Moncler was considering a bid for the London-listed luxury goods group, which will report its first half results on Nov. 14.

 

(Reporting by Elisa Anzolin; Editing by Valentina Za)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

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