PPR to Buy Burberry?

Burberry, spring 2011.

The French luxury conglomerate is reportedly interested in buying the label, which it might be able to do with the money from the sale of its furniture company Conforma. A PPR spokesperson, however, says PPR chief François-Henri Pinault is more interested in a luxury watchmaker that would not "cannibalize" the company's other brands. A luxury and retail analyst says that even with the funds from dumping Conforma, Burberry would be too expensive for Pinault. If true, this would mark that rare instance in which Pinault feels the same pain we do about most things Burberry. [Vogue UK]