LONDON — Marks and Spencer Group plc shares spiked almost 7 percent on the London Stock Exchange Tuesday amid rumors of a potential takeover bid for the company.
Potential suitors named in the British media included Sir Philip Green, the owner ofTopshop, who made an unsuccessful play for M&S in 2004. A spokeswoman for Green declined comment. Reports also suggested supermarket chain Sainsbury’s could be working on a tie-in with the retailer. A spokeswoman for Sainsbury’s said the company does not comment on speculation.
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?"