Burberry Shares Surge on Moncler Bid
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Italian luxury outerwear maker MonclerReuters
•Burberry shares jump on Moncler bid report
76% Informative
Media report said Italian luxury outerwear maker Moncler was considering a bid for Burberry .
Moncler, known for its puffer jackets, said it would not comment on "unsubstantiated rumours" Burberry shares rose as much as 8% in early trading on Monday .
The company's shares pared gains to trade around 3.5% higher by 0732 GMT .
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