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Consumer Cos Rally as Oil Slides - Consumer Roundup

Provided by Dow Jones Jun 11, 2026, 9:22:00 PM

Consumer companies rallied as oil futures sank. The U.S. Global JETS exchange-traded fund, a basket of major carriers, rose by more than 6%.

Shares of Hugo Boss climbed after British mogul Mike Ashley's Frasers Group launched a cash offer of around $2.29 billion to take full control of the German premium-apparel company.

Lovesac tempered its outlook for the year as it widened its loss during the recent quarter, up against a continually challenging backdrop.

Developer AHS Properties bought Dubai's Shangri-La five-star hotel for $300 million, affirming its confidence in the region despite the deleterious impact of the Middle East war on tourism in the United Arab Emirates.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

June 11, 2026 17:22 ET (21:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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