Secoo Signs Contract to Offer Products from The Prada Group
Secoo Holding Limited (SECO) announced on May 28 that the company entered a contract with Prada. Secoo is Asia’s largest online integrated retailer of upscale products and services. The contract allows Secoo to sell Prada and Miu Miu, brands both owned by The Prada Group, in both its online and offline shopping centers.
Sonal detected the event and issued an alert at 8:30 am. The next trade was for $7.23 at the market open. Secoo’s stock price rose 7.6% throughout the day before closing at $7.78.
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