Xcel Brands hits over 3-yr high on buying Lori Goldstein designer clothing line

XCel Brands

05/04/2021 18:26

** Shares of media and consumer products co  XELB.O  rise as
much as ~115% to $4.15, highest in over 3 years
    ** Co agrees to acquire the Lori Goldstein brands, including
the designer line LOGO by Lori Goldstein, as it looks to expand
its brand portfolio
    ** Financial terms of the deal not disclosed 
    ** Brand offers casual womenswear, outerwear, eyewear,
jewelry and activewear; has had historical retail sales of over
$1.5 bln since 2009 launch - XELB
    ** LOGO by Lori Goldstein joins Xcel Brand's portfolio of
brands including Isaac Mizrahi, Judith Ripka, Halston, C. Wonder
and Longaberger  urn:newsml:reuters.com:*:nPn9q08SDa    
    ** Including session's gains, stock has more than doubled
YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))