As Bangladesh PM Sheikh Hasina Resigns And Flees Country Amid Violent Protests, Shares Of Top Luxury Brands Ralph Lauren, Tommy Hilfiger And Calvin Klein Suffer On Monday
Portfolio Pulse from Benzinga Neuro
Bangladesh's Prime Minister Sheikh Hasina has resigned and fled the country amid violent protests, leading to a significant drop in the shares of luxury brands that rely on Bangladesh for product sourcing. PVH Corp., Ralph Lauren Corp., and The Gap, Inc. have all seen their stock prices decline in pre-market trading due to concerns over supply chain disruptions.
August 05, 2024 | 1:26 pm
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NEGATIVE IMPACT
The Gap, Inc. saw a 6.45% decline in pre-market trading as violent protests in Bangladesh, a key sourcing country, raise concerns over supply chain disruptions.
The Gap, Inc. relies on Bangladesh for a significant portion of its product sourcing. The political instability and factory shutdowns in Bangladesh are likely to disrupt the company's supply chain, leading to production and delivery delays.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
PVH Corp., the parent company of brands like Tommy Hilfiger and Calvin Klein, saw its shares drop 3.91% in pre-market trading due to political instability in Bangladesh, a key sourcing country.
PVH Corp. relies heavily on Bangladesh for product sourcing. The political instability and factory shutdowns in Bangladesh are likely to disrupt PVH's supply chain, leading to production and delivery delays.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ralph Lauren Corp. experienced a 4.48% drop in pre-market trading as political unrest in Bangladesh threatens to disrupt its supply chain.
Ralph Lauren sources products from Bangladesh. The current political instability and factory shutdowns in the country are likely to cause supply chain disruptions, affecting the company's operations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100