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Burberry shares rise after reports Moncler is considering bid

Head of LVMH, an investor in Italy’s Moncler, reportedly keen to get deal done with British luxury brand

The spike came after the trade journal Miss Tweed reported that Moncler, which also owns Stone Island, was looking at a potential acquisition of Burberry, which has struggled as demand for luxury goods has fallen. The journal cited several industry sources who said the head of the luxury goods conglomerate LMVH, an investor in Moncler, was keen to get a deal done with the British retailer. LVMH, whose portfolio of high-end brands includes Louis Vuitton, Dior, Fendi and Celine, has a 15.8% stake in Double R, the investment vehicle that owns Moncler.

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