Shares of PVH Corp (NYSE:PVH) ended Thursday session in green amid volatile trading. The shares closed up +0.42 points or 0.39% at $108.18 with 750,109.00 shares getting traded. Post opening the session at $107.84, the shares hit an intraday low of $107.05 and an intraday high of $108.81 and the price vacillated in this range throughout the day. The company has a market cap of $8.73 billion and the numbers of outstanding shares have been calculated to be 80.99 million shares.
PVH Corp (PVH) announced that its management will participate in the Goldman Sachs Twenty-Third Annual Global Retailing Conference on Wednesday, September 7, 2016. A live audio webcast of management’s fireside chat will be broadcast online at 8:05 A.M. Eastern Daylight Time.
The live webcast, as well as the replay, which will be available following the conference, may be accessed by logging onto www.pvh.com and going to the Events section under the Investors tab.
Shares of Snyder’s-Lance Inc (NASDAQ:LNCE) ended Thursday session in red amid volatile trading. The shares closed down -0.39 points or -1.10% at $34.95 with 506,701.00 shares getting traded. Post opening the session at $34.98, the shares hit an intraday low of $34.54 and an intraday high of $35.14 and the price vacillated in this range throughout the day. The company has a market cap of $3.36 billion and the numbers of outstanding shares have been calculated to be 96.07 million shares.
Snyder’s-Lance Inc (LNCE) on Sept. 1, 2016 announced that the Company’s Kettle Foods subsidiary completed the acquisition of Metcalfe’s skinny Limited (“Metcalfe”), by acquiring the remaining 74% interest in the leading UK premium popcorn brand. Kettle Foods had initially acquired a 26% stake in the business from Metcalfe in January 2016. Metcalfe was founded in 2009 by Julian Metcalfe, the co-founder of Pret A Manger and founder of itsu.
Metcalfe’s skinny is the UK’s leading premium popcorn brand, and also incorporates a fast growing range of corn and rice cake products. The UK popcorn market is one of the fastest growing categories within the UK snack food industry, growing by 45% over the last two years as consumers increasingly seek out better-for-you snacking options. The addition of a leading premium popcorn brand, Metcalfe’s skinny popcorn®, to the UK’s leading premium chip brand, KETTLE® Chips, reflects Kettle Foods’ ambition to evolve into a more widely based premium snacking leader in Europe.
Carl E. Lee, Jr., President and Chief Executive Officer of Snyder’s-Lance commented, “We are excited to add the Metcalfe’s skinny brands to our portfolio and expand our presence in the UK marketplace. We see tremendous growth in the UK with additional opportunities for further international expansion for our innovative collection of snacking brands. This addition to our branded portfolio provides us with another better-for-you option in a growth snacking category in the European markets, and we look forward to supporting the continued success of the Metcalfe’s skinny brands.”