Gucci owner Kering holds exploratory talks to buy Moncler - Bloomberg - British Herald
August 4, 2020
Business

Gucci owner Kering holds exploratory talks to buy Moncler – Bloomberg

 Kering SA, the parent company of Gucci and Balenciaga, has held exploratory talks with Moncler SpA about a deal to buy the Italian apparel company, Bloomberg reported on Wednesday, citing people with knowledge of the matter.

Moncler had a market valuation of about 9.8 billion euros as of Wednesday’s close on the Milan Stock Exchange.

The talks held were preliminary and there is no certainty it would lead to a deal, the report kering-is-said-to-hold-exploratory-talks-on-deal-for-moncler said.

Kering declined to comment, while Moncler did not immediately respond to Reuters request for comment.

(Content and photos syndicated via Reuters)

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