ACQUISITIONS PROPEL INTERNATIONAL STOCKS
NEW YORK — Jil Sander and Donna Karan International paced a crowd of fashion stocks in the four weeks ended Sept. 10 in what was generally a solid month for the group.
Donna Karan, which in late August unveiled its long-awaited DKNY flagship here, ran up 21.8 percent.
Jil Sander surged 16.7 percent on the Frankfurt Exchange after Prada on Aug. 30 reached an agreement to acquire controlling stock in the firm. On Sept. 10, Prada acquired Church & Co., the upscale British shoe brand.
LVMH Moet Hennessy Louis Vuitton, which has been the most aggressive acquirer and on Monday reached an agreement to buy Tag Heuer, nudged up 2.9 percent on the Paris Exchange.
Polo Ralph Lauren, which last week reached an agreement to buy its licensed European business for $230 million, tacked on 5.2 percent.