Investment firms KarpReilly Capital Partners and H.I.G. Capital are making a run at Charlotte Russe Holding Inc.
They submitted a nonbinding offer to the teen retailer’s board Wednesday to acquire all of its outstanding stock at $9 to $9.50 a share, a 31 to 38 percent premium on Tuesday’s close of $6.89. The offer values the company at $188 million to $198 million.
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)