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.
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)