Sources
Neil Saunders
🇬🇧 Rumours swirl of looming Burberry takeover bid from Italy's Moncler https://t.co/6ZMtRZ6S2g
Koyfin Burberry was +4.6% and Moncler was (-2.1%) yesterday on the back of rumours that Moncler was considering a buyout offer for the British luxury trench coat brand. Burberry has quietly returned ~50% over the past month. https://t.co/9Re5jrS7F5
Markets Today#Burberry's new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target
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