Billabong International Ltd. confirmed that it’s received a confidential and nonbinding proposal to be acquired by a consortium led by Paul Naudé, president of its U.S. business, for about 504.9 million Australian dollars, or $555.3 million at current exchange rates.
The consortium consists of Naudé, a former professional surfer; Sycamore Partners Management and, as lead debt financier, Bank of America Merrill Lynch.
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?"