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MILAN (Reuters) – Italy’s Moncler on Monday reiterated it could not remark “on unsubstantiated rumors”, when requested a couple of Each day Mail report a couple of potential takeover by the luxurious outerwear maker for British luxurious model Burberry.
Shares in Burberry rose 3% in early commerce after the Each day Mail reported that the British label was near being purchased by Moncler. Shares in Moncler fell 2% by 0900 GMT.
Earlier this month web site Miss Tweed reported that Italy’s Moncler was contemplating a bid for the London-listed luxurious items group, which can report its first half outcomes on Nov. 14.
(Reporting by Elisa Anzolin; Modifying by Valentina Za)
