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.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"