Target Corp. agreed to sell its credit card business to TD Bank Group for about $5.9 billion.
The deal will effectively get Target out of the back end of the credit card business — a step most retailers who dabbled in holding credit card receivables have already taken. The ultimate price on the transaction will be equal the total gross value of the portfolio’s outstanding receivables when the deal closes in the first half of next year.
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?"