On November 3rd, online fashion media Miss Tweed reported that high-end down jacket manufacturer Moncler may be considering acquiring the British luxury company Burberry, thereby creating a giant in outdoor products.
According to industry insiders cited by Miss Tweed, Bernard Arnault, the owner of LVMH who recently invested in Moncler, expressed support for the deal.
Following the announcement, Burberry's stock price rose by 8%, reaching its highest level in nearly four months, while Moncler's stock price fell by 1.5% on Monday.
It is noteworthy that Burberry's stock price has dropped by 41.15% year-to-date, currently reported at $10.47 per share.
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However, Bloomberg reported that spokespersons for both Burberry and Moncler declined to comment on the matter

BURBY

Miss Tweed reported that high-end down jacket manufacturer Moncler may be considering acquiring British luxury company Burberry, creating a giant in outdoor goods. LVMH boss Bernard Arnault expressed support for the deal

- On November 3, online fashion media Miss Tweed reported that high-end down jacket manufacturer Moncler may be considering acquiring British luxury brand Burberry to create a specialized outdoor goods giant.  
- Industry sources cited by Miss Tweed indicated that LVMH's Bernard Arnault, who recently invested in Moncler, supports the deal.  
- Following the news, Burberry's stock rose by 8%, reaching a four-month high, while Moncler's stock fell by 1.5%, with Burberry's shares down 41.15% year-to-date at $10.47 per share.

Creating a professional giant in outdoor products? Report: Moncler may consider acquiring luxury brand Burberry