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CONSUMER CYCLICALS: Burberry; Moncler rumours firm up

CONSUMER CYCLICALS
Credit BulletsHomepagemarkets-real-timeCEEMEABulletUKGlobalRegion

(Baa2 Neg/NR)

  • Daily Mail; "staff at one of Burberry's flagship London stores have already been told about the takeover, according to correspondence seen by The Mail on Sunday....A source said Burberry has paused discussions with business affiliates who sell its merchandise until more details of the Moncler bid have been confirmed. They added staff had been told not to discuss the offer with outsiders 'until an official statement has come out."
  • Follows initial leaks (3rd Nov) from a Fashion site 'Miss Tweed'.

The leaks from the Daily look firmer. Couple of asides;

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(Baa2 Neg/NR)

  • Daily Mail; "staff at one of Burberry's flagship London stores have already been told about the takeover, according to correspondence seen by The Mail on Sunday....A source said Burberry has paused discussions with business affiliates who sell its merchandise until more details of the Moncler bid have been confirmed. They added staff had been told not to discuss the offer with outsiders 'until an official statement has come out."
  • Follows initial leaks (3rd Nov) from a Fashion site 'Miss Tweed'.

The leaks from the Daily look firmer. Couple of asides;

Keep reading...Show less