Ron Johnson has taken a blow to the ribs from one of his strongest supporters.
The chief executive officer of J.C. Penney Co. Inc. on Friday was harshly and publicly criticized by William Ackman, the retailer’s largest shareholder, who installed Johnson as ceo in 2011 with free rein to reinvent the ailing department store.
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)