CtW Investment Group, which invests pension funds sponsored by seven unions that own less than 1 percent of Kellwood Co. stock, has urged the company's board to name a special committee of independent directors to explore strategic alternatives, including selling the troubled $1.6 billion vendor.
Pressure has been mounting on the St. Louis-based apparel company since private equity firm Sun Capital Securities Group, its second-largest shareholder, issued — then reissued — an unsolicited $543 million bid for Kellwood in the fall. Kellwood twice turned down the $21-a-share offer, saying it undervalued the company.
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)