BERLIN— Douglas Holding AG has confirmed it is in discussions regarding a voluntary takeover offer.
"Talks are being held between the company, certain major shareholders of the company and a financial investor with respect to the potential acquisition of a substantial participation in the company by way of a voluntary takeover offer," the company said in a statement on Friday. It also noted that the matter was discussed during a company supervisory board meeting on Wednesday.
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?"