British raincoat maker Burberry and German fashion brand Hugo Boss are among the luxury goods firms marked as potential 2023 merger & acquisitions targets in Europe.
With sales of luxury goods widely expected to withstand the darkening economic outlook and Chinese demand enjoying a post-Covid reopening boost, the sector appears ripe for a M&A wave, according to an informal Bloomberg survey of 17 M&A desks, fund managers and analysts. As the initial public offerings window remains largely shut, companies and investors look to dealmaking and consolidation instead. ..
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