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.
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)