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NASDAQ:CODI 18 November 2025

Compass-Backed Lugano Diamonds Files for Chapter 11 Bankruptcy Amid Fraud Allegations and Luxury Retail Slowdown

Compass-Backed Lugano Diamonds Files for Chapter 11 Bankruptcy Amid Fraud Allegations and Luxury Retail Slowdown

Lugano Diamonds & Jewelry Inc. filed for Chapter 11 bankruptcy in Delaware and put itself up for sale after internal probes revealed financial irregularities and lawsuits linked to ex-CEO Moti Ferder. The company lists over $500 million in liabilities and at least $100 million in assets. Majority owner Compass Diversified acquired its 60% stake in 2021. Boutiques remain open during the court-supervised sale process.
18 November 2025

Stock Market Today

  • European Stocks Rise as Oil Prices Drop and Rate Hike Bets Grow
    March 20, 2026, 5:11 AM EDT. European stocks rebounded on Friday, led by banking and construction sectors, as oil prices eased from recent highs above $119 a barrel. The decline followed U.S. signals about possibly lifting sanctions on Iranian crude to reduce energy costs. Central banks across Europe, including the European Central Bank (ECB) and Bank of England (BoE), held interest rates steady amid uncertainty from the U.S.-Iran conflict but traders increased bets on further rate hikes later this year. The ECB highlighted inflation risks tied to the war, while the BoE's unanimous hold hinted at readiness to act. Meanwhile, Unilever disclosed talks to sell part of its foods business to McCormick & Company, adding corporate activity amid market shifts.
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