PARIS — As trading in Groupe Clarins’ stock remained suspended Friday on the Paris Bourse, speculation mounts the company will de-list and go private.
Financière FC, the holding company for the Courtin-Clarins family - owners of 65.1 percent of the firm’s capital and 78 percent of its voting rights – called a press conference in Paris on Monday at 9 a.m. “on the occasion of the operation initiated by the Courtin family on the capital of Clarins through non-trading Financière FC.”Should the Courtin-Clarins family buy back the 30.5 percent stake floated on the stock market, it would cost it roughly 534 million euros, or $840.7 million.
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?"