Brunello Cucinelli Denies Allegations of Russian Market Irregularities, Shares Plunge [Yahoo! Finance]
BRUNELLO CUCIN UNSP/ADR (BCUCY)
NASDAQ:AMEX Investor Relations:
investor.brunellocucinelli.com/en
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Source: Yahoo! Finance
This, however, was not enough to avoid a sharp decline in its shares on the Italian Stock Exchange. Trading was suspended earlier in the day and, after resuming, shares closed down 17.28 percent to 85.08 euros. More from WWD Carolina Cucinelli on Being a Woman in a Menswear World and Evolving Her Family's Business, Plus Giorgio Armani's Recent Passing and His Widespread Industry Impact Carolina Cucinelli on Preserving Brunello Cucinelli's Unique Heritage and Legacy Neiman Marcus Celebrates Brunello Cucinelli In a statement, the Solomeo , Italy-based luxury company said it is in full compliance with European Union regulations regarding operations in the Russian market. This was in response to media reports circulating earlier in the day triggered by Morpheus Research, which holds a short position in Brunello Cucinelli The hedge fund published a report based on a three-month investigation “involving interviews with former Cucinelli employees and partners, an extensive anal
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News
- BRUNELLO CUCINELLI INVESTIGATION: Bragar Eagel & Squire, P.C. Reminds BCUCY Investors of the Ongoing Investigation and Urges Investors to Contact the FirmGlobeNewswire
- BCUCY Investors Have Opportunity to Join Brunello Cucinelli S.p.A. Fraud Investigation with the Schall Law FirmGlobeNewswire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Brunello Cucinelli S.p.A. - BCUCYPR Newswire
- BCUCY Investor News: If You Have Suffered Losses in Brunello Cucinelli S.p.A. (OTC: BCUCY), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- BCUCY Investor News: If You Have Suffered Losses in Brunello Cucinelli S.p.A. (OTC: BCUCY), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire