ASX200 telco falls 63% on merger news | Birkenstock's luxury slip | Ethical Everlane joins Shein
About this episode
The episode discusses the significant drop in Tuas's shares due to merger concerns, Birkenstock's declining luxury status, and Everlane's acquisition by Shein.
ASX-listed Tuas has seen its shares fall 63% after Singapore's regulator warned that its $1.5 billion merger is on the ropes. Birkenstocks are falling… falling more than 14%.... and hitting record lows…as its luxury status is being called into question. Everlane, the brand that built its whole identity on radical sustainability, has just been acquired by Shein. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.
People in this episode
Host: Flux
Topics covered
- mergers
- stock market
- luxury brands
- sustainability
- business news
Keywords
- Tuas
- Birkenstock
- Everlane
- Shein
- merger news
- stock drop
- luxury brands
- sustainability
Mentioned in this episode
Organizations: Tuas, Birkenstock, Everlane, Shein
Places: Singapore
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