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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"