French optical firm Essilor Int'l S.A. has inked an agreement to acquire online optical company Coastal.com for $401 million.
The Vancouver-based e-tailer's board has already approved the transaction for 445 million Canadian dollars, or $401 million, representing a cash offer of 12.45 Canadian dollars, or $11.22, a share. All conversions to U.S. dollars are at current exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)