Consumer shares had solid gains Wednesday amid a tariffs relief.
The Wall Street Journal reported, citing people familiar with the matter, that Capri Holdings' talks to sell its Versace brand to Prada are at risk of collapsing, as Versace's namesake family still have to sign off on the agreement. As of Wednesday morning, the likelihood of a deal was 50-50, the Journal reported.
Neogen was unable to surf the tariff-relief wave and fell after the company cut its outlook and announced its longtime chief executive is stepping down. Neogen cited concerns that macroeconomic uncertainty and tariffs could affect its end markets in the fourth quarter.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
April 09, 2025 16:24 ET (20:24 GMT)
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