LONDON — British tycoon Philip Green is set to become the U.K.’s largest clothing retailer.
Green, who already owns the department store chain British Home Stores Ltd. and the Mark One discount clothing shops, has made a proposed $1.2 billion bid for the shares of Arcadia Group PLC he does not already own. Arcadia is the U.K.’s second-biggest clothing retailer after Marks & Spencer PLC. Green’s bid has been approved by Arcadia’s board.
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?"