HONG KONG — Trading in shares of Joyce Boutique Holdings Ltd. was suspended Thursday pending announcement of a proposed privatization plan, according to documents filed with the Hong Kong Stock Exchange.
The move came one day after the Ma family revealed their resignations from the company, effective Monday. The action, by Wheelock & Co. chairman Peter Woo, who controls 52 percent of the company (compared with the Ma family's holding of 23 percent), has been directly linked to lackluster sales at the luxury retailer.
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?"