PARIS/MILAN (Reuters) – Shares in luxury puffer coat maker Moncler <MONC.MI> were seen jumping over 10% on Thursday, according to traders, after a report of potential interest from French conglomerate Kering <PRTP.PA>.
Shares in the Gucci owner were marginally up by 0.65% in early trading on the Paris bourse, after Bloomberg reported on Wednesday evening that the companies had held exploratory talks about a potential combination or deal. [nL4N28E3ZU]
The two firms declined to comment.
The report comes hot on the heels of LVMH’s <LVMH.PA> agreed $16 billion takeover of jeweller Tiffany <TIF.N> last month [nL8N2850UJ]
(Reporting by Sarah White; Editing by Sudip Kar-Gupta)