The deal to take The Jones Group Inc. private is coming down to the wire.
Stefan L. Kaluzny’s Sycamore Partners is expected to buy the company for about $1.2 billion, or $15 a share. And while the two sides were initially expected to sign the deal Monday, they spent the day making final tweaks to paperwork for the transaction, a source said. An agreement is still expected this week.
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?"