Charlotte Russe Holding Corp. said Thursday its board adopted a stockholder rights plan, also known as a poison pill, which companies often use to discourage hostile takeovers. The specialty retailer emphasized that the move was not in response to a specific proposal.
The plan applies to shareholders of record at the close of business on Aug. 25. Those shareholders will receive rights to purchase shares of a new series of preferred stock.
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)