NEW YORK — Activist investors Engine Capital LP and Red Alder LLC went public with their push for Ann Inc. to engage in a sale or other transaction Monday and investors picked it up from there.
Shares of the New York-based operator of the Ann Taylor and Loft nameplates increased $2.42, or 6.5 percent, to close at $39.94, the second-best performance of the 100 equities tracked by the WWD Global Stock Tracker.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"