Why Naked Brand’s Stock Is Surging Today
- Date: 24-Sep-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Why Naked Brand’s Stock Is Surging Today
Naked Brand Group Limited (NASDAQ: NAKD) shares are trading higher after the company's Chairman and CEO announced the company believes it has found an opportunity in the clean technology sector.
'I provided an update on the status of our plans to find a merger or acquisition partner following the divestiture of the bricks-and-mortar operations of Bendon that resulted in an expanded balance sheet with a net cash position of $270 million USD for Naked Brand Group,' said by company's Chairman and CEO, Justin Davis-Rice.
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