PARIS — Maus Frères SA, the Swiss retail group that owns the Lacoste brand, has launched a 5.2 billion Swedish kronor, or $810.8 million, hostile bid for Gant, the Swedish sportswear retailer that operates 310 stores.
Maus snapped up 12.5 percent of Gant on the Stockholm Stock Exchange on Monday before unveiling on Tuesday a cash bid of 310 Swedish kronor, or $48.33, a share for the remainder of the company, a 31 percent premium on Gant's closing price on Monday. Currency conversions were made at current exchange rates.
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)