Category: Business News

Compass Diversified Restricts Investment in Lugano

Compass Diversified (NYSE: CODI), parent of Newport Beach-based Lugano, announced it would be restricting investment in the local company following an internal probe into the luxury jeweler’s financing, accounting, and inventory practices.   Shares of Compass dropped over 17% to around $6.20 apiece during after-hours trading.   The Westport, Connecticut-based Read More

Compass Diversified Halts Investment in Lugano

Compass Diversified (NYSE: CODI), parent of Newport Beach-based Lugano, announced it would be restricting investment in the local company following an internal probe into the luxury jeweler’s financing, accounting, and inventory practices.   Shares of Compass dropped over 17% to around $6.20 apiece during after-hours trading.   The Westport, Connecticut-based Read More