Burberry: Firm axes dividend as group slumps to loss Retail Burberry has slumped to a loss and axed its dividend for the first half of its financial year as sales at the British luxury house plunged. In its interim results for the 26 weeks to 28 September, the group reported an operating loss of £53m, down from a profit of £223m in the same period [...]
Burberry braced for Moncler takeover as staff given heads up Retail Luxury fashion house Burberry is braced to be taken over by Italian company Moncler amid staff at one of its flagship London stores being given a heads up on the deal, according to reports. Rumours began to circulate last week that the listed brand was set for a takeover by the skiwear maker, but both [...]
Burberry shares jump on Moncler takeover rumours Retail Shares in British luxury retailer Burberry have jumped this morning on rumours that the fashion house could be a takeover target for Italian outerwear brand Moncler. Burberry’s share price rose more than seven per cent in early trades, before paring back gains to just over four per cent. Specialist fashion site Miss Tweed reported that [...]
Moncler: How posh puffer jacket maker is looking to navigate an uncertain world June 3, 2024 The UK arm of Moncler, the luxury puffer jacket maker, is targeting a "solid growth trajectory" amid an "uncertain and unpredictable" global macro-economic and geopolitical landscape.