• 0QII
• BRBY
• MONC

Burberry shares up on reports that Moncler is mulling takeover bid

Burberry's stock rises amid speculation of Moncler's potential bid; analysts discuss market implications and challenges in revitalizing Burberry's brand amidst financial struggles.

• BRBY
• CL
• MONC
• SCHN
• STM
• STOXX

European shares muted as tech losses offset mining, energy gains

• MONC

Moncler revenues rise 6% in first 9 months

Moncler Group reports a 6% revenue increase to €1.87 billion in 2024, with challenges in Q3 and fluctuating wholesale sales impacting growth.

• MONC
• PRTP

Sales at Moncler slip 3% in third quarter as demand weakens globally

Moncler's Q3 revenues fell 3% amid declining sales across major markets, reflecting broader luxury industry struggles with consumer spending and macroeconomic challenges.

• LVMH
• MONC
• PRTP

LVMH deal spurs rally in Moncler, speculation about luxury sector M&A

LVMH's investment in Moncler raises acquisition speculation while highlighting support for Moncler's CEO. Market dynamics reflect luxury sector challenges, with hopes for recovery fueled by China.

• LVMH
• MONC

Moncler shares jump as LVMH buys stake in parent company Double R

LVMH's acquisition of a 10% stake in Double R boosts Moncler's shares, enabling growth in luxury outdoor wear and reinforcing Remo Ruffini's control as largest shareholder.

• LVMH
• MONC

Moncler CEO strengthens grip on company with LVMH deal

Moncler's CEO Remo Ruffini strengthens control with LVMH's investment, enhancing control over the company despite market challenges, maintaining 11% revenue growth amid luxury sector slowdowns.

• BCU
• BMPS
• DX
• ENI
• EUR/GBP
• EUR/USD
• GC
• IT40
• LCO
• LDOF
• MONC
• SPMI

Italy stocks higher at close of trade; Investing.com Italy 40 up 1.63%

Italy stocks rose 1.63% on Financials, Tech, and Chemicals gains; Banca Monte dei Paschi reaches 52-week highs. Crude oil down, gold up slightly. Currency stable.

• BCU
• BRBY
• CFR
• HRMS
• LVMH
• MONC
• PRTP
• SFER
• UHR

Luxury stocks drop as analysts cut ratings on global slowdown

The global luxury sector faces challenges, particularly in China, leading to downgrades for major brands like Burberry and Kering, amid a gloomy growth outlook.

• BCU
• ENEI
• GC
• IT40
• LCO
• MONC
• RACE
• TLIT
• UNPI

Italy stocks lower at close of trade; Investing.com Italy 40 down 0.06%

Italy's stock market dipped with declines in major sectors, led by Brunello Cucinelli. Enel reached a 52-week high while commodities saw slight increases.