- ICAHN INTERESTED IN PENNEY'S?: A spokesman for Carl Icahn declined to comment on a Wall Street Journal report the billionaire investor has acquired a large stake in J.C. Penney Co. Inc. According to the report, Icahn is now one of the retailer's five largest shareholders. Penney's shares rose 2.4 percent Friday on the news, closing up $1.15 to $48.50. But a Penney's investment wouldn't be Icahn's only flirtation with retail these days — he also has a large stake in Macy's Inc. and admitted to WWD recently that he was considering further investments in the sector. "You retail companies are in major stock trouble and that's what I like," he said last month. "If you look at the godd--n cash flow, they're doing great. The one question I ask is, 'Why aren't you buying back your stock?' Now is the time to look at these things."
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?"