While Crocs has quite a few splashy collaborations with music creatives under its belt (most recently Bad Bunny), the news of a potential partnership with Bieber and the foam shoe company was enough to cause Crocs’ stock to soar.
According to Business Insider, the news caused Crocs shares to jump more than 11 percent, hitting a peak of $47.81 yesterday afternoon. Shares dropped eventually dropped to $45.19, but were up an impressive 5.8 percent for the day.
Crocs neither Justin Bieber has yet to drop any info about the release date or price. Stay tuned for more updates.