Burberry share price surges after Moncler takeover rumours

Burberry, which is known for its check print and trench coats, has emerged as a takeover target as a result of a protracted slump in the price of its shares

Pedestrians walk past the store of British fashion label Burberry, in central London
(Image credit: HENRY NICHOLLS / Contributor)

Shares in Burberry jumped by almost 8% on Monday before falling slightly on the back of reports that Italian rival Moncler may be considering a bid for the British luxury fashion house.

The historic UK brand, which is known for its check print and trench coats, has emerged as a takeover target as a result of a protracted slump in the price of its shares.

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.