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GIII News3 articles
Xcel Brands Surges on Coco Rocha-Baggallini Deal; Thin Float Fuels Volatility
Xcel Brands shares surged 10.5% to $2.10 on record volume after announcing an exclusive Baggallini-Coco Rocha handbag deal. The stock's tiny float of under 4 million shares amplified the move, despite ongoing financial challenges.
Oil Price Surge Revives ECB Rate Hike Bets, European Stocks Slide
European stocks declined Friday as stalled US-Iran talks pushed oil prices higher, reigniting inflation fears and expectations for ECB rate hikes. The STOXX 600 fell 0.8%.
WHP Global Acquires Marc Jacobs from LVMH, G-III to Co-Own Brand
LVMH sells Marc Jacobs to WHP Global after 30 years; G-III Apparel Group co-owns and operates the brand. Marc Jacobs stays as creative director. Deal valued at ~$500 million.