Shares of Lululemon Athletica Inc. were heavily traded on Tuesday — surpassing its three-month average volume — on speculation that it could become a takeover target for VF Corp.
A report from International Strategy & Investment analyst Omar Saad, who upgraded VF Corp. to a “buy” from “neutral” and raised the target price of its shares to $75 from $65, suggested that Lululemon could be a potential takeover target for VF. Saad also cited Puma — currently owned by luxury group Kering — and Lands’ End, which was recently spun off from Sears Holdings, as potential candidates as well.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)