• CASUAL MALE AMENDS POISON PILL: Casual Male Retail Group Inc. Monday said its board approved an amendment to its existing poison pill plan in order to preserve the value of prior losses, or net operating loss carryforwards (NOLs), to offset future profits. Poison pills are often used as an antitakeover mechanism. With the amendment, the beneficial ownership threshold is reduced to 5 percent of the retailer’s common stock from 15 percent before the plan kicks into play. The amendment exempts stockholders who are considered beneficial owners who already own more than 5 percent, provided they did not acquire additional stock following the opening of business on Monday. The company said the change preserves the long-term value of NOLs and related tax benefits.
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)