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Animal rights group PETA is on a shopping spree — for cheap stocks. People for the Ethical Treatment of Animals scooped up shares in nearly two dozen apparel companies, including Ralph Lauren, Urban Outfitters, Guess and Ugg owner Deckers Outdoor Corporation for the right to attend their shareholder meetings and pressure them into giving up …
Animal rights group PETA is on a shopping spree — for cheap stocks.
People for the Ethical Treatment of Animals scooped up shares in nearly two dozen apparel companies, including Ralph Lauren, Urban Outfitters, Guess and Ugg owner Deckers Outdoor Corporation for the right to attend their shareholder meetings and pressure them into giving up clothes made from wool, mohair and cashmere.
With apparel company’s shares down nearly 30 percent — Ralph Lauren’s shares are down 26 percent over the past month, to $74.73 — PETA will have a voice at many more shareholder meetings.
It’s not a new strategy for the animal rights group, which bought $4,000 worth of Canada Goose shares and had 40 protestors dressed up like mangled coyotes and bloodied geese outside the New York Stock Exchange on March 16, 2017, when the company went public.
“We plan to attend dozens of meetings this year to speak in support of our resolutions or to ask the CEO a question,” Jennifer Behr, PETA’s corporate responsibility officer, told The Post.
On Wednesday, PETA is attending Levi’s virtual annual meeting to make a case for replacing the leather patch with a Vegan leather.
