SYDNEY, Australia (Reuters) — Australian regulators said South Africa's Woolworths should provide an independent valuation of Country Road Ltd due to concerns investor Solomon Lew may benefit unfairly from selling Woolworths his stake in the Australian apparel retailer.
The Australian Securities and Investments Commission (ASIC) raised its concern about Woolworths Holdings Ltd's A$213 million ($201.5 million) offer to buy the billionaire investor's 11.88 percent stake in Country Road in a Federal Court application on Wednesday.
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?"