Xcel Brands buys LOGO by Lori Goldstein, shares down
06/04/2021 10:52
** Shares of media and consumer products co XELB.O down as
much as 8.05% at $2.74 premarket
** Co to acquire the Lori Goldstein brands, including
apparel maker LOGO by Lori Goldstein urn:newsml:reuters.com:*:nPn9q08SDa
** Terms of the agreement were not disclosed
** LOGO by Lori Goldstein joins Xcel Brand's portfolio of
brands including Isaac Mizrahi, Judith Ripka, Halston, C. Wonder
and Longaberger
** XELB's shares hit over 3-yr high on Monday following the
news urn:newsml:reuters.com:*:nL4N2LY1UR
** Up to last close, stock nearly doubled YTD
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com;))