NEW YORK — J. Crew Group Inc., which is battling shareholders unhappy with its $3 billion deal to be taken private, reiterated that it would stand by the now-disputed settlement the two parties reached last month and said it plans to file a motion to dismiss the case.
The retailer, in a letter Tuesday to Delaware Chancery Court Vice Chancellor Leo Strine Jr., said it had fulfilled its side of the bargain. “If plaintiffs continue to refuse to negotiate in good faith over the specific wording of a release, defendants will assert counterclaims and third-party claims for breach of contract against plaintiffs and the class, among others,” the document said.
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)