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Prarthana Prakash

Acquisition speculation grips European luxury: Meta said to eye 5% stake in Ray-Ban maker, Moncler linked to Burberry takeover

Burberry Meta Moncler Luxury EssilorLuxottica Mark Zuckerberg Henry Nicholls JOSH EDELSON RayBan

mark zuckerberg speaking on stage and ray ban logo next to it (Credit: David Paul Morris—Bloomberg/Getty Images)

News on the luxury grapevine lifted shares of Burberry and EssilorLuxottica yesterday amid speculation that two major industry deals are underway.

The first suggests Moncler, the Italian winter wear giant, is eyeing a takeover of Burberry, the British fashion house known for its striped trench coats.

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