LOV 1.02% $29.99 lovisa holdings limited

Lovisa rallies after Blundy’s PLBY deal

  1. 2 Posts.
    The major shareholder, Brett Blundy’s BB Retail Capital, struck a deal to sell his lingerie chain Honey Birdette to Nasdaq-listed PLBY for $US333 million in cash and stock.

    I can't understand why this is good for Lovisa which resulted in 8% upwards movement today.
 
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$30.30 $30.45 $29.83 $8.057M 268.6K

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