Moncler Denies Rumors of Burberry Acquisition

Italian luxury outerwear brand Moncler stated that it will not respond to "false rumors" regarding a potential acquisition of British luxury fashion house Burberry, following a report by Daily Mail. The news led to a 3% increase in Burberry's shares in early trading, while Moncler’s shares saw a 2% decline as of GMT 09:00 today.

This speculation arose after a website called Miss Tweed suggested earlier this month that Moncler might consider making an offer for Burberry, which is expected to announce its first-half results on November 14. Despite the rumors and market reactions, Moncler remains steadfast in its policy of not commenting on such market speculations.

Investors and industry observers are closely monitoring the situation, as a potential acquisition could impact the luxury fashion sector. However, due to the lack of confirmation or comments from the parties involved, the market is relying solely on estimates and movements in share prices to assess the likelihood of such a deal.

Currently, neither Moncler nor Burberry has made any official statements regarding a potential acquisition, and all claims remain speculative until further information is available.