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. ..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: