The Icelandic group Baugur, which holds an 8.58 percent stake in Saks Fifth Avenue, has cast off its noncore assets, and plans to devote itself to one business: retail.
Baugur said Tuesday it has agreed to sell off its media, technology and financial investments to two new independent companies — Stodir Invest and Styrkur Invest — for 430 million pounds, or $847 million at current exchange.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)