Frederick’s of Hollywood Group Inc., marketers of apparel for women’s most intimate moments, is poised to go private again.
The lingerie retailer, which entered the public markets upon its January 2008 merger with innerwear wholesaler Movie Star Inc., said it had agreed to be acquired by a consortium that currently holds 88.6 percent of its outstanding stock for 27 cents a share in cash. The price values the company at $27.3 million and would translate into a $3.1 million payment to holders of the other 11.4 percent of its equity.
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?"