LVMH rumoured to be eyeing Burberry
26/02/2013
They said: “This is not the first time we have advocated that LVMH should acquire Burberry. Given the margin pressure faced by LVMH across several divisions, we believe that a return on invested capital-accretive deal not only for the fashion and leathergoods division but for the group as a whole would be welcome.
“We appreciate that the Burberry brand is not as high-end as brands such as Hermès or Berluti, yet Burberry brings many strategic positives to LVMH at a time when we believe the group needs time to assess and implement how it will turn around LV's brand, sales and profit momentum.”
Despite LVMH reportedly seeking to grow through acquisitions, it did not confirm that it was pursuing the British brand.
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