Consumer Companies Up Amid Deal Activity — Consumer Roundup
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Dow Jones
Consumer companies rose amid deal activity.
L'Occitane International received an offer from the controlling shareholder group, led by Australian billionaire Reinold Geiger, to buy the company and take it private in a bid that values the company at about $6.42 billion. The bid was a vote of confidence in the luxury end of retail, from which investors have received mixed signals in recent weeks.
Domino's Pizza rose after the pizza chain reported first-quarter earnings ahead of Wall Street forecasts.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 29, 2024 17:59 ET (21:59 GMT)
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