After a five-month pursuit, Sun Capital Securities Group LLC now has 81.9 percent of Kellwood Co.'s total outstanding shares, giving it ownership of the struggling St. Louis-based vendor.
The private equity firm, which first expressed interest in buying Kellwood last September for $762 million in cash, has set up an offering period to buy the remaining stock by the end of the week for the same $21-a-share price.
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)