By  on December 5, 2019

MILAN — Rumors circulating around a possible Kering acquisition of Moncler helped boost luxury shares on the Milan Stock Exchange on Thursday — and analysts generally gave a thumbs up to a potential deal.

Moncler shares closed up 6.52 percent at 41.36 euros, after soaring 10.64 percent to 42.96 euros by noon that day. Salvatore Ferragamo shares closed up 7.38 percent to 18.92 euros and Tod’s gained 5.29 percent, closing at 41.78 euros.

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