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.
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)