JUSTIN BIEBER TEASED A COLLAB WITH CROCS ON SOCIAL MEDIA
The company’s stock jumped as high as 11 percent
Justin Bieber recently posted on his Instagram to tease a collaboration with Crocs — and right after that, the company’s stock jumped as high as 11 percent.
Crocs have brilliantly made a niche for themselves through celebrity endorsements and partnerships with the likes of Post Malone, Bad Bunny, Pleasures, Alife, and Balenciaga. And now, Justin Bieber is the latest celebrity to lend his twist on the Crocs’ signature foam clogs.
Although Bieber didn’t give much details in his zoomed-out IG post, it appears that his Crocs are designed in a bright orange colourway and features custom Jibbitz charms (maybe Drew House Jibbitz charms). The release information has not been provided yet.
As mentioned above, just minutes after Justin Bieber’s teaser, the stocks of Crocs jumped seven to eight percent before reaching an 11 percent rise. Crocs was trading at a peak of $47.81 USD per share on 1 October 2020. As of 10:34 AM E.T. on 2 October, Crocs was trading at $45.33 USD per share.