Shares of VF Corp. rose 3.3 percent after the company disclosed that it and Altamont Capital Partners are interested in acquiring Billabong International Ltd. for 1.10 Australian dollars, or $1.16, a share.
The two said Monday they’ve submitted a nonbinding, joint letter of interest. VF said its primary interest is in the Billabong brand, while Atlamont’s interest is in Billabong’s “other brands and related assets.”
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)