RE: Fake news!11 Nov 2024 23:19
On reflection I just don't see Burberry merging with Moncler. That's not to say there isn't a deal, as no smoke without fire. I'm thinking LVMH are better suitors to Burberry.
Why re open up their flagship store on East 57th in New York recently, and then opened their flagship store in Beijing at the beginning of November. It's certainly a mystery as to why they did that if they are so (apparently) deeply in financial trouble. It can't be cheap opening up both stores and hiring more staff etc
It just doesn't make sense why they would consider a bid, if they've newly opened the two new stores.
Let's see what unfolds this week anyway