The FSW Markets Index was on the same roller coaster ride as the rest of the equities universe last week. The index closed up 4 percent from April 4 to 11, reflecting a big recovery after closing down 4 percent during the early part of the week. Eleven of the index’s fourteen constituents finished up on the week, led by Hermès, PVH, and Capri Holdings. Prada was up around 1 percent on the week after they announced a 1.25 billion acquisition of Versace.
You can read our commentary on the Prada-Versace deal in Vogue Business: https://www.voguebusiness.com/story/companies/whats-happening-with-the-prada-versace-deal or see our interview on CNN International with Richard Quest.