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Moncler, Burberry
Moncler not in talks to take over Burberry, sources say
Italy's Moncler is not in talks to take over Burberry , four sources close to the matter said on Monday in response to a report by Britain's Mail on Sunday that a bid by Moncler was imminent. Shares in the British luxury brand reversed course after the Reuters report,
New sources suggest Moncler not in talks for Burberry takeover
A new report has suggested that Italian outerwear specialist Moncler is not in talks to take over British heritage brand Burberry. This is according to Reuters, which cited four sources close to the matter responding to prior media speculation.
Moncler not in talks to acquire Burberry - Reuters
Italy's Moncler (OTCPK:MONRF) is not in discussions to purchase British luxury brand Burberry (OTCPK:BURBY), according to a Reuters report on Monday, which cited four sources close to the matter. The Reuters report comes after a Daily Mail item said that Moncler (OTCPK:MONRF) was preparing a bid for Burberry (OTCPK:BURBY).
Moncler repeats it won't comment on 'unsubstantiated rumors' about Burberry
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.
Moncler and Burberry Acquisition Rumors Spark Speculation Amongst The Fashion Industry
Following speculations that Moncler may buy out Burberry, the British fashion luxury brand has experienced an 8% surge in its shares. Initially reported by Reuters, the news gained significant attention in the
Burberry launches urgent turnaround plan to save brand
Burberry launches urgent turnaround plan to save the brand
Burberry's CEO Joshua Schulman said the troubled British retailer will act "with urgency" to address woes fueled by "inconsistent brand execution."
Burberry puts focus back on trench coats in turnaround plan
Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply.
Burberry Ramps Up Turnaround in Effort to Revive Brand
The luxury group said it was taking steps to cut costs and change its pricing strategy, after it slid to a first-half loss on sharply lower sales.
Wall Street Journal
7h
Heard on the Street: Burberry Reaches for Its Coat
Burberry
wants to mimic
Moncler
’s flair for jackets. A rumored takeover would be a better result for investors. Shares in ...
CNN
8h
Loss-making Burberry puts focus back on trench coats in a turnaround plan
Burberry
is widely seen as a takeover target. Recent media reports that Italy’s
Moncler
was preparing a bid had boosted the stock. Schulman, asked if
Burberry
was for sale, told reporters he ...
AOL
10h
Burberry shares soar as new CEO Josh Schulman admits ‘lack of focus on outerwear,’ vowing to turn losses around
Burberry
’s financial woes led it to get kicked out of the FTSE 100 in September after 15 years. Rumors of a possible ...
U.S. News & World Report
9h
Burberry Hopes 'Scarf Bars,' Puffer Jackets and Classic Styles Can Drive Turnaround
Developing more puffer jackets would mean more direct competition with peers like Italy's
Moncler
, which was reported to be ...
3d
Burberry on brink of being taken over by Italy's Moncler - report
Luxury fashion brand Burberry is reportedly on the brink of being bought by Italy’s Moncler. According to correspondence seen ...
9d
Burberry Shares Soar 8% After Report Reveals Moncler Could Be Buying the British Brand
Mere months after the struggling London fashion house forecasted an operating loss in the first half of the next fiscal year.
Investing
2d
Burberry shares drop as Moncler denies takeover bid speculation
Burberry (LON: BRBY) shares fell on Tuesday, after Reuters reported that Italian luxury brand Moncler is not currently in ...
11h
Burberry unveils £40m cost-cutting plan as it swings to £53m half-year loss
Joshua Schulman, chief executive, outlined that the recovery plan will involve enhancing the business's website and in-store ...
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