Louis Vuitton has denied reports that its owner is looking to acquire AC Milan for €1bn ($1.1bn). The Italian luxury goods group said in a statement it had no comment and would not confirm or deny the report. The US hedge fund has already rejected offers for the club of between £500m ($622m) and £700m, according to the Daily Mail.
Louis Vuitton has denied reports that its owner is looking to acquire AC Milan for €1bn ($1.1bn). Italian news outlet II Messaggero had reported that Bernard Arnault was interested in buying the club from Elliott Management. The US hedge fund has already rejected offers for the club of between £500m ($622m) and £700m, according to the Daily Mail.