Published October 21, 2016 8:17am EDT | Updated October 21, 2016 9:04am EDT

Coach, Burberry Shares Jump After Report On Potential $20 Billion Merger

Coach Inc.'s stock rose 3.5% in premarket action, while Burberry Group PLC's shares gained 7.7% in London trading, following a report Friday that the two luxury fashion companies could merge in a $20 billion deal. Coach is working with Evercore on a possible Burberry merger, said a report by Betaville citing sources. Betaville is a news website focused on deals and dealmakers.