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, brokerage MF Global,said yesterday that the UK's largest luxury brand Burberry or become a rival maker of Cartier watches Swiss Richemont (Cie Financiere Richemont) and Louis Vuitton (LVMH) acquisition target.At the same time,its rating Hing Bank Act from "Sell" raised to "hold",this series of news,Burberry stock was up 3.3 percent,per share reported 600.5 pence.
MF Global analyst Guy (John Guy) pointed out,Burberry as its primary objective the acquisition,the company is also interested in including Coach and Gucci brand has a French luxury retailer PPR account.He expects the market integration will become the next two years after the luxury industry's "theme",while Burberry is unique in that the size of the brand fit,and no parent holding or "poison pill" implantation.
MF Global believes that the larger,more cash on luxury goods company,will consider
, the acquisition of a single brand approach to offset weak global demand.In addition,the euro's strength will create pressure for overseas profits,forcing them to seek acquisitions luxury companies to stimulate profitable growth.Data show that,LVMH and Richemont Group's turnover outside the European market,more than half of the total.According to the consulting firm Bain & amp;.Co estimated that the global luxury goods
cartier love necklace, sales this year recorded a decline of 8%,or after a rebound in the next year by
