Burberry Shares Surge Amid Moncler Acquisition Rumors

Speculation of a Moncler takeover boosts Burberry's market value, while Meta eyes a stake in EssilorLuxottica.

Burberry's shares rose by up to 8% following reports that Italian luxury brand Moncler may consider acquiring the British fashion house.
Moncler and Burberry have both declined to comment on the rumors, describing them as unsubstantiated.
Burberry has struggled financially, with its brand value decreasing by 42% over the past year and being removed from the FTSE 100 index.
Industry analysts suggest that Moncler's expertise in outerwear could benefit Burberry, potentially steering the brand back to its core strengths.
Separately, Meta is reportedly interested in acquiring a 5% stake in EssilorLuxottica, the maker of Ray-Ban, to strengthen their partnership in smart eyewear.