Burberry Group Plc Sponsored ADR (BURBY)
Moncler not in talks to take over Burberry, sources say
Italy's Moncler MONC.MI 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.
Burberry boosted by more Moncler rumours ahead of results
Ahead of results from Burberry Group PLC (LSE:BRBY) later this week, shares in the UK fashion house continued to be supported by takeover rumours and speculation. Last week, there was speculation that Moncler, the Italian skiwear giant, was eyeing a potential takeover of the UK fashion group.
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.
Burberry turnaround in focus as takeover rumours swirl
Burberry Group PLC (LSE:BRBY) will provide interim results on Thursday, November 14 after rumours emerged Moncler was eyeing up the luxury fashion firm as a potential takeover target. Reports earlier this month signalled Bernard Arnault, chief executive of LVMH which recently invested in Moncler, was keen to push such a deal to create an “outdoor specialist giant”.
Bargain Burberry shares make for buy opportunity - analyst
Burberry Group PLC (LSE:BRBY)'s share have been in the doldrums for nigh on 19 months now, but the prospect of a takeover bid from Moncler has piqued the interest of analysts at RBC Capital Markets. Though only a rumour, there are clear synergies between the two business, RBC highlighted.
Burberry stock rises after report Moncler is mulling a bid
Shares of Burberry rose Monday after a media report over the weekend suggested that its peer Moncler is mulling a bid for the British luxury retailer. CNBC's Charlotee Reed reports.
Burberry's new CEO faces outlet store and pricing dilemmas
Burberry's new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target.
Burberry gains as Moncler reportedly considers takeover bid
Burberry Group PLC (LSE:BRBY) shares ticked higher on Monday following a report that it could be a takeover target of puffer jacket maker Moncler. According to industry blog Miss Tweed, Moncler could be considering launching a bid for Burberry in order to create an “outdoor specialist giant”.
Burberry shares jump on report that Moncler is considering a bid
Burberry shares rose 7.5% on Monday after a media report said Italian luxury outerwear maker Moncler was considering a bid for the British luxury retailer.
Burberry at a ‘complex crossroads' as new chief takes reins
Troubled British luxury label Burberry Group PLC (LSE:BRBY) stands at a "complex crossroads" as new chief executive Joshua Schulman takes command, said Stifel in a broker note. Schulman faces an uphill battle to turn the ship around as current market conditions, particularly plummeting Chinese luxury demand, have sent Burberry stock to 15-year lows.
Burberry, LVMH and other European luxury retailers surge on China stimulus hopes
Luxury stocks, including Burberry Group PLC (LSE:BRBY), Watches of Switzerland Group PLC (LSE:WOSG) and Louis Vuitton Moet Hennessy (EPA:MC) sashayed higher on Thursday on investor excitement about China potentially unleashing further economic support meaures. Kering, the owner of Gucci, Saint Laurent, Balenciaga and Alexander McQueen, saw its shares leap over 10% in afternoon trading, with LVMH, Hermes International and Eastee Lauder both jumping over 9% in Paris.
Burberry price target downgraded, stock still a 'sell', says leading investment bank
UBS has lowered its price target for Burberry Group PLC (LSE:BRBY), cutting it to 410p from 477p, while maintaining a "sell" rating on the luxury brand's stock. The revision follows concerns over Burberry's ongoing strategy and a challenging outlook for the company's recovery.
