By MILAN (Reuters) – Italy’s Moncler on Monday (NASDAQ:MNDY) 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 (LON:BRBY).
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.
This post appeared first on investing.com
What's your reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
