Moncler keeps quiet on Burberry acquisition rumors
Recently, rumors about the Italian luxury outerwear maker Moncler Group considering an acquisition of British luxury brand Burberry have stirred up attention. However, Moncler declined to comment, stating it does not comment on “unverified rumors.” Additionally, four sources familiar with the matter say that Moncler has not been in acquisition talks with Burberry. Burberry is set to release its half-year financial report tomorrow, with new CEO Joshua Schulman expected to announce strategic updates to address the brand’s recent sales decline.