Photographer: Patrick T. Fallon/Bloomberg

Welspun Declines After Wal-Mart Joins Target to Pull Bedsheets

  • 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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