PARIS — Because of the uncertain economic environment, Givaudan will increase its capital by about 420 million Swiss francs, or $391.7 million at current exchange, to deleverage its balance sheet and increase operational flexibility.
The Swiss flavors and fragrance firm will issue 999,624 shares at a unit price of 420 Swiss francs, or $391.70, this month.
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)