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Burberry Shares Jump on Report of Moncler Takeover Bid

Burberry’s stock jumped more than 7 percent after speculation emerged that Italian competitor Moncler could be exploring a potential acquisition of the British luxury brand.
Burberry lowered its full-year guidance amid a global slowdown in luxury spending, the company said Thursday.
Shares in Burberry rose as high 872 pence in early trading on Monday. (Burberry)

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Further Reading

Does Burberry Have the Wrong Strategy?

The British trench coat maker’s latest revamp has faltered. Some point to executional errors, but Burberry may need to rethink its strategy and become a ‘British Coach,’ writes Luca Solca.

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