High-end down jacket manufacturer Moncler is reportedly considering acquiring British luxury brand Burberry, aiming to create a major player in the outdoor apparel sector. The potential acquisition has gained support from Bernard Arnault, head of LVMH, which recently invested in Moncler.
The news led to an 8% surge in Burberry's stock price, reaching its highest point in nearly four months. Meanwhile, Moncler's stock experienced a 1.5% decrease. Despite the market reaction, spokespeople from Burberry and Moncler have not provided any comments on the speculated deal.
Notably, Burberry's stock has declined by 41.15% this year, currently trading at $10.47 per share.
Investors should remain cautious, as market risks are always present, and the information provided does not serve as personalized investment advice.
