LONDON — Europe’s luxury stocks closed up on Thursday after reports that European leaders had taken a step closer to resolving Greece’s sovereign debt crisis with a fresh bailout package.
Before the talks began in Brussels, German Chancellor Angela Merkel and French President Nicolas Sarkozy — whose countries are the most exposed to Greek debt — agreed to present a united front before going into the meeting.
In London, Burberry closed up 1.55 percent to 15.76 pounds, or $25.70, and Mulberry rose 1.05 percent to 19.20 pounds, or $31.30. In Milan, Tod’s climbed 0.32 percent to 94 euro, or $135.40, while Bulgari remained stable at 12.24 euro, or $17.50.
In Paris, LVMH Moet Hennessy Louis Vuitton rose 1.74 percent to 128.35 euro, or $184.9, and PPR climbed 0.43 percent to 129.40 euro, or $186.33.