Moncler plays down possible Kering tie-up amid luxury merger wave

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Moncler, known for puffer jackets with sky-high price tags, might be at the receiving end of a takeover bid. Shares of the company surged after reports that Gucci owner Kering may bid for the luxury winterwear maker

Still, the speculation around Moncler comes as the outlook for standalone brands becomes trickier, with cash rich groups like LVMH and Kering drowning out competitors with more spending on social media marketing and the hire of star designers.

It listed on Milan’s bourse six years ago and has thrived by expanding in markets like Asia, while rejigging its strategy. Like its rival Canada Goose , which makes more functional winter jackets, Moncler has also benefited from growing consumer demand for high-end streetwear. But analysts and industry insiders have sometimes questioned whether its model, which is heavily reliant on a single product, is sustainable.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in PT

Portugal Últimas Notícias, Portugal Manchetes