GZL dismissed the SMH report as inaccurate in terms of the level of progress of talks with PVH. In any event, PVH has the financial Fire power, having turned over $7billion globally last year. Market has obviously taken the view that GZL is simply exercising a bit of brinkmanship , given the share price hike today.
GZL Price at posting:
$4.75 Sentiment: Hold Disclosure: Held