BERLIN — The German consumer products group Henkel KG has reportedly made a bid of up to $5.2 billion for Wella AG. All dollar figures are calculated from the Euro at current exchange rates.
According to press reports Monday, industry sources said Henkel has offered between $68.60 and $78.40 for each Wella share. The takeover rumors boosted Wella’s share price, which jumped almost 55 percent to trade between $48.20 and $53.90 on Monday after closing at $38.61 Friday.
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?"