TOKYO — Fast Retailing Co. Ltd. said Wednesday it will launch a tender offer for the 68 percent it doesn’t already own of fashion and retail concern Link Theory Holdings Co. Ltd., the parent company of the Theory and Helmut Lang businesses.
The deal aims to delist Link Theory from the Tokyo Stock Exchange and make it a fully owned subsidiary of Fast Retailing. Fast Retailing is offering 170,000 yen, or $1,906, a share, a nearly 62 percent premium over Link Theory’s closing share price on Wednesday of 105,000 yen, or $1,177. Currency conversions were made at current exchange rates.
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)