Maidenform stock shot up 22.3 percent to $23.35 — a stone’s throw from Hanesbrands’ purchase price of $23.50. Shares of Hanesbrands gained 7.9 percent to $57.59, a significant gain since acquirers often see their stock lose ground after announcing an deal, given the risks they are taking on by adding a new business.
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)