MILAN (Reuters) – Italy’s Moncler on Monday reiterated it could not remark “on unsubstantiated rumors”, when requested a few Daily Mail report a few doable takeover by the luxurious outerwear maker for British luxurious model Burberry.
Shares in Burberry rose 3% in early commerce after the Daily 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 is able to report its first half outcomes on Nov. 14.
(Reporting by Elisa Anzolin; Editing by Valentina Za)
