Saks Inc. saw a poison pill plan as the best remedy for the combined symptoms of a low stock price and an aggressive investor.
The embattled luxury retailer established a preferred share purchase program last Wednesday — one that kicks in when a single investor acquires 20 percent or more of its stock — just days after Mexican billionaire Carlos Slim Helú boosted his stake in the firm to 18.3 percent.
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)