Crocs share price jumps on speculation of Justin Bieber collab


All it took was a photo on Justin Bieber’s
Instagram of Crocs shoes and the caption “Soon”, to send the company’s stock
jumping Thursday on speculation of a future collaboration with the Canadian
pop star.

Bieber is regularly seen wearing the plastic clogs in public.
But after a post showing a pair afloat in a pool to his 148 million
followers, and a dose of online speculation, the markets appeared to take
notice.

Crocs, Inc. jumped over 12 percent over the day’s trading, before
finishing
nearly six percent up on Wall Street.
The shoemaking company has not made any announcements regarding Bieber
and
did not immediately reply to a request for comment.
That said, the brand has worked with celebrities before, including the
release this week of a pair done in collaboration with Puerto Rican singer
Bad
Bunny.(AFP)



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