The Naked Brands Merger Is Either A Brilliant Move Or A Cautionary Tale
Naked Brands (NASDAQ:NAKD), which has been known for selling high-end lingerie, has outdone itself. The company is going green. Pending shareholder approval at a special meeting on Dec. 21, Naked Brands will merge with Cenntro Automotic Group, an electric vehicle (EV) technology firm. The new company will go forward under the Cenntro name, albeit with the NAKD stock symbol. Upon…