After the purchase of Hermès stocks by LVMH, another deal promises to shake the fashion world. It seems that François-Henri’s conglomerate, PPR (read: Gucci, Yves Saint Laurent, Alexander McQueen and Balenciaga, among others), is about to buy Burberry.
* Yes, rumors have it that Pinault would be investing heavily in the possibility of acquiring an English brand. But luxury market experts don’t think this deal is going to pan out., The buzz among analysts is that Pinault would be biting more than he can chew with Burberry. We’ll see.