Apparel Maker Global Brands Shares Stop Trading

Global Brands shares stopped trading on the Hong Kong stock exchange because of a delayed financial report. The company— which makes products for Ellen Tracy, b new york, Capezio and other brands — said it was responding to its auditors’ requests “relating to the use of a going concern basis” for financial statements. Specifically, the auditors sought information around the company’s “evaluation of various options in respect of its financial position, including the possible sale, disposal and restructuring of certain assets and/or businesses of the Group.” Read more at Retail Dive.