By  on August 7, 2008

Hampshire Group Ltd.’s second-quarter loss more than doubled on
flat sales.

Despite the decline in its bottom line, shares of Hampshire rose $1.30, or 16.9 percent, to close at $9 on Wednesday. It was the second consecutive day of double-digit percentage increases for the stock after Monday’s disclosure that Hampshire and former chief executive officer Ludwig Kuttner had settled a dispute resulting from an audit committee investigation into Kuttner’s business expenses and alleged mismanagement and tax evasion. He dropped a wrongful dismissal lawsuit and Hampshire withdrew its lawsuit against Kuttner.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus