The rumour mill is in overdrive about Burberry being ready for a purchase, with the mystery buyer being named as PPR Group. Previous rumours circulated around LVMH as a possible contender, and whilst PPR are not confirmed, their name has popped up yet again with stronger circulation emanating from the UK financial markets. The Burberry star shines brightly- but who would have guessed a checkered raincoat could have a market capitalisation of 3.7million pounds and trade at a 22 percent premium to its peers. We will keep you updated on this rumour as more solid evidence comes to hand.
Image credit: burberry.com
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