NO MORE TALKS: Foot Locker Inc. on Thursday said it was no longer pursuing a proposal to acquire all of the outstanding common shares of Genesco Inc. The announcement followed an earlier statement Thursday morning from Genesco saying that its board rejected a higher bid from Foot Locker at $51 a share. Genesco previously rejected a $46-a-share offer from Foot Locker in April. Genesco also said Thursday that it invited Foot Locker to participate in a "process" on the same terms as other interested parties, but that Foot Locker declined. The parties are believed to be private equity firms, as reported. Goldman Sachs is Genesco's financial adviser.
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?"