The days are getting colder in Europe. Perhaps a black, white, tan and red down jacket will keep Burberry investors warm. Moncler, best known for its padded coats, is considering a bid for the British company famous for its distinctive chequered pattern, according to Miss Tweed. Bernard Arnault, founder and CEO of Louis Vuitton Moet Hennessy (LVMH), is keen on a deal, it reported. It's easy to see what's in it for Arnault, after LVMH agreed to invest in Moncler. A deal would take a competitor out of the market and stop LVMH's archrival Kering, the natural owner of Burberry, from getting its hands on it.
As for Moncler's chief Remo Ruffini, he has a lot on his plate. Then again, if he wants to build a new Italian house of luxury, he may not get a better opportunity than adding Burberry to Moncler's stable. Burberry's iconic product, the trench coat, would benefit from Moncler's expertise in outerwear but also diversify its suitor away from padded jackets, which tend to sell best at colder times of the year. The trench, and variations, including capes, jackets and dresses, could generate sales in warmer temperatures too. Burberry has also expanded its leather-goods ranges. Although this strategy has had mixed results, they would add further diversification for Ruffini.
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Denne historien er fra November 14, 2024-utgaven av Mint Mumbai.
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World Bank calls for reforming skills training in India
India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.
FCPA cases take long to conclude after indictment
For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.
Short-covering, relief rally add ₹7.27 trillion wealth
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Wetter monsoon slows pace of adding new transmission lines
India's addition of new power transmission lines fell by half over a year earlier in the April-October period as a wetter-than-usual monsoon slowed work.
COP29's $1.3 tn fund plan disappoints Global South
The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.
Jaguar rebrand is pink, diverse and doesn't feature any cars
Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market.
Services up as manufacturing slows in Nov
The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2
MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to curb speculative positions with the currency at a record low, four bankers familiar with the development told Reuters.
