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Burberry Halts Merger Talks with Coach

It appears that reports of a Burberry/Coach merger were premature.

According to sources cited in the Financial Times, the British brand is no longer entertaining the possibility of a deal.

Coach reportedly made several overtures to the luxury brand during the second half, focusing on a cash-and-stock takeover.

While neither company is commenting on the record, insiders say timing could have been a factor. Though vulnerable earlier this year due in part to the overall slowdown in the luxury sector in Asia and Brexit, Burberry is now on firmer footing thanks to a stronger exchange rate in dollars and euros.

Read more at Sourcing Journal.