By  on December 5, 2019

MILAN — Moncler shares climbed 10.64 percent to 42.96 euros by noon Thursday on the Italian Stock Exchange following a Bloomberg report that Kering is holding exploratory talks to buy the luxury brand.

A Milan-based market source told WWD that Kering “is seriously thinking of a takeover of Moncler. It has the liquidity and it is already discussing the deal with a number of banks.”

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