The M&A market is simmering. The question is when it might hit full boil.
Phillips-Van Heusen Corp.’s $3 billion deal to buy Tommy Hilfiger from Apax Partners has industry executives, private equity players and financial firms speculating on what deal will be next, and whether the floodgates are about to open on mergers and acquisitions activity given the rebounding economy. Those firms that hoarded cash in the downturn are now looking to spend it, while those who were irreparably weakened by the recession are hoping for a lifeline.
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?"