Welspun Declines After Wal-Mart Joins Target to Pull BedsheetsBy
Sheets are sold under Better Homes & Gardens, Canopy names
Welspun stock slumped by about half over past three weeks
Welspun India Ltd. shares slid as much as 5 percent in Mumbai trading after Wal-Mart Stores Inc. stopped selling the supplier’s Egyptian-cotton sheets over concerns that the products’ origins may be mislabeled.
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