Retailers including Burberry and Sainsbury’s have been tipped as takeover targets next year by investment bank UBS.
Burberry has been subject to takeover speculation since the departure of chief executive Angela Ahrendts was revealed in October. Luxury goods conglomerate LVMH, which owns Louis Vuitton, Marc Jacobs and Donna Karan, has been tipped previously as a potential suitor.
The Qatari Investment Authority (QIA) has been tipped to make an offer for Sainsbury’s, in which it already holds a 26% stake, after abandoning its £10.6bn bid for the grocer in 2007.
The QIA is also understood to be eyeing Marks & Spencer in an £8bn deal, according to The Sun.
Burberry and Sainsbury’s – possible takeover targets for next year http://t.co/3HIKczwRiy – on @MuckRack http://t.co/DXbSZesLiz
— Will Corry (@slievemore) December 30, 2013
Could the Qatari Investment Fund be looking at a takeover bid at Sainsburys? http://t.co/erVaRFRaPb
— Johny (@johnycassidy) December 30, 2013
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