Moncler has officially denied rumors regarding a potential takeover of Burberry, stating that it is not in discussions for such a bid. This confirmation comes from multiple sources familiar with the matter, who emphasized that there are no ongoing talks between the two luxury brands. Despite this clarification, Burberry appears to be facing challenges, as indicated by reports suggesting that investors are losing interest in the brand. Following Moncler's denial, Burberry's shares experienced a decline, reflecting the market's reaction to the speculation surrounding a possible acquisition. Moncler has reiterated its stance on not commenting on what it describes as 'unsubstantiated rumors' about Burberry.
🇬🇧 Investors continue to check out of Burberry https://t.co/T8h8ySRbEL
Moncler denies bid for Burberry, shares drop https://t.co/zIaY03a4gt https://t.co/gPLmNABjM3
#RetailApocalypse Luxury. #Moncler not going to save #Burberry $MONC $BRBY https://t.co/qRtUXqAamr