Shares of The Jones Group Inc. rose 5.9 percent Friday on word that activist investor Barington Capital had taken a stake in the firm and was pushing for it to sell off some smaller brands and tighten up operations.
The stock closed up 78 cents to $14.07 and climbed as high as $15.07 in midday trading. More than 4.7 million shares traded hands Friday, well ahead of the three-month average 742,789 shares.
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?"