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Consumer Cos Down Ahead of Earnings -- Consumer Roundup

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08/12/2019 | 05:06pm EDT

Shares of retailers and other consumer-services companies fell as traders rotated out of the sector ahead of earnings later this week.

International airlines such as British Airlines and Lufthansa scrambled to reschedule flights for throngs of passengers caught in the political turmoil engulfing Hong Kong after authorities shut down the city's airport, one of the world's busiest hubs.

BlackRock's new private-equity arm agreed to buy a stake in Authentic Brands Group, which owns brands including Sports Illustrated, Juicy Couture and Nine West, and controls licensing rights of celebrity brands from Muhammad Ali to Marilyn Monroe. BlackRock led the $875 million investment in Authentic Brands, which values the business in excess of $4 billion, The Wall Street Journal reported.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK INC. 0.91% 443.16 Delayed Quote.12.82%
LUFTHANSA GROUP AG -0.55% 14.425 Delayed Quote.-26.78%
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