Reuters - True Religion Apparel May Launch Sale
Jeans maker True Religion Apparel Inc., which has been hit by falling sales, said it may sell itself, after receiving interest from potential buyers, Reuters reported Wednesday. Shares in the company jumped 28 percent to $26.88 in premarket trade on Wednesday, valuing it at about $683 million. They had fallen by about a quarter in the last three months. True Religion has been hit by falling demand for its colorful jeans, which sell for up to $360 at specialty boutiques.
10 October 2012•2 mins read
