Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Business > Moncler repeats it won’t comment on ‘unsubstantiated rumors’ about Burberry

Business

Moncler repeats it won’t comment on ‘unsubstantiated rumors’ about Burberry

Published by Uma Rajagopal

Posted on November 11, 2024

Featured image for article about Business

MILAN (Reuters) – 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.

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.

(Reporting by Elisa Anzolin; Editing by Valentina Za)

More from Business

Explore more articles in the Business category

Finance teams still stuck in spreadsheets as manual processes stall digital transformation

The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

2025-2030: The Next Technological Innovations for Business

The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

Revolutionizing Payments: Secure, Scalable, Sovereign

Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

E-commerce Customer Service: Tips

When to Automate Your Warehouse: The Tipping Point for Operations Growth

Hurt at Work? 5 Financial Facts You Need to Know

Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

Empower Your Workforce With Financial Wellness This Labor Day

Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

View All Business Posts