An unidentified investor has built up almost a 5% stake in Burberry, prompting the luxury brand to seek help from its financial investors to stave off a potential takeover bid.
Burberry autumn 16
A person close to the company told the Financial Times that Burberry had asked HSBC, the custodian for the investor, to reveal its client but it has not been disclosed.
Its bankers Robey Warshaw and the group’s corporate broker Morgan Stanley are also said to be looking into the matter.
Analysts have suggested that rival luxury groups such as LVMH or other private equity investors could be behind the investment with a view to launching a takeover bid.