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Burberry share price rises 6% after rumours of takeover bid
The Guardian
|November 05, 2024
Shares in Burberry rose by 6% yesterday after reports suggested its Italian rival Moncler may be considering a bid for the British luxury brand.
The rise came after the trade website 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 fashion goods has fallen.
The report cited several industry sources who said the head of the luxury goods conglomerate LVMH, 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. That gives LVMH a seat on the Italian fashion brand's board.
Denne historien er fra November 05, 2024-utgaven av The Guardian.
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FLERE HISTORIER FRA The Guardian
The Guardian
Progress on travel, trade and crime fighting
Keir Starmer will be pleased that he has secured several agreements to mark his visit to Beijing - though No 10's announcements have not put a figure on the value of the deals and by the warm tone of Xi Jinping's remarks about his government.
2 mins
January 30, 2026
The Guardian
An evening in Colombia ends in blood in face of ban
On the outskirts of Cartagena - far from the brightly coloured facades of the old city and the 500-year-old fortress walls overlooking the Caribbean - a crowd of about 300 people erupted into a roar. Given Colombians' passion for football, it could have been the celebration of a goal.
1 mins
January 30, 2026
The Guardian
York marks 800 years since canonisation of 'overlooked' St William
The inscription on the large 13th century stone slab on display at York Minster does not bode well: “Qui cecidit svper caput roge ri de Ripvn.”
2 mins
January 30, 2026
The Guardian
Starmer opens door to UK visit by Xi as China relationship is 'reset'
MPs under sanction by Beijing express anger at prospect of invitation
4 mins
January 30, 2026
The Guardian
High street decline aids the rise of Reform UK
Up and down Britain there are boarded-up shops. Banks and department stores have been replaced by vape shops, barbers and bookmakers.
3 mins
January 30, 2026
The Guardian
Children's limb surgeon harmed 94 patients
Nearly 100 children were harmed by a Great Ormond Street surgeon, according to an independent review published yesterday.
5 mins
January 30, 2026
The Guardian
Medics seized by authorities for treating people injured in protests
Doctors are being arrested in Iran for helping to save the lives of people injured during the brutal crackdown on anti-regime protests, with at least one surgeon at risk of being sentenced to death.
2 mins
January 30, 2026
The Guardian
Archer makes shock return for T20 series in Sri Lanka
Jofra Archer is the surprise inclusion in England's team for their Twenty20 series opener against Sri Lanka today, having initially been excluded from the touring squad.
3 mins
January 30, 2026
The Guardian
Farage's attack on Turkish barber shops is the 'politics of division', minister says
Nigel Farage's attack on Turkish barber shops amounts to dog-whistle racism without a credible plan to fix struggling high streets, a government minister has said.
2 mins
January 30, 2026
The Guardian
Terrifying beauty of Japan's warrior class in war and peace
Japan's pre-modern warrior elite can't still be alive inside the suits of armour that hold you awed and genuinely a little bit scared in this scintillating journey through their world of gore, power and artistic beauty.
3 mins
January 30, 2026
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