By Helen Reid and Elisa Anzolin
LONDON/MILAN (Reuters) -Italy’s Moncler (MI:) is just not in talks to take over Burberry (LON:) , 4 sources near the matter stated on Monday (NASDAQ:) in response to a report by Britain’s Mail on Sunday {that a} bid by Moncler was imminent.
Shares within the British luxurious model reversed course after the Reuters report, and have been final down 2.2%. The inventory was up greater than 3% early on Monday on the again of the Mail on Sunday report, the second in every week saying Moncler was making ready a bid.
Burberry will report half yr outcomes on Thursday. New CEO Joshua Schulman is predicted to announce a technique replace after the model suffered vital gross sales declines.
