MILAN (Reuters) – Italy’s Moncler on Monday reiterated it couldn’t comment “on unsubstantiated rumors”, when requested just a few Daily Mail report just a few doable takeover by the luxurious outerwear maker for British luxurious mannequin Burberry.
Shares in Burberry rose 3% in early commerce 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 web page Miss Tweed reported that Italy’s Moncler was considering a bid for the London-listed luxurious objects group, which is ready to report its first half outcomes on Nov. 14.
(Reporting by Elisa Anzolin; Editing by Valentina Za)
