Burberry Rises as Luxury M.&A. Again Comes to the Fore

Could Burberry’s signature tartan plaid be snatched up in a sale?

Shares in the British fashion house reached a decade-long high after LVMH Moët Hennessy Louis Vuitton announced that it was buying a majority stake in Bulgari of Italy, with an eye to buying the rest of the jeweler and watch-maker.

Shares of Burberry rose about 4 percent, to 120 pence, on the London Stock Exchange, as investors again appeared to mark up the company’s prospects as an acquisition target.

Other standalone higher-end brands could also seem attractive as potential deal opportunities, analysts wrote in a flurry of research notes on Monday.

Among them are Tiffany, whose stock opened dramatically higher before drifting downward, and Tod’s, the Italian shoe-maker.

Read Full Article from New York Times

- Posted: 2011-03-07 13:11:41

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