Shoemaking company Crocs share price jumps on Justin Bieber speculation


By AGENCY

Justin Bieber is regularly seen wearing Crocs in public. Photo: Justin Bieber/Instagram

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 (Oct 1) 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% 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

Soon

A post shared by Justin Bieber (@justinbieber) on Oct 1, 2020 at 9:00am PDT

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