NEW YORK — Coldwater Creek Inc. reported Friday that its board has declared a 50 percent stock dividend on its common stock, having the effect of a 3-for-2 stock split.
Stockholders of record on Jan. 8, 2003, will be entitled to one additional share of common stock for every two shares of the company’s common stock held on that date. Cash paid in lieu of fractional shares will be based on the closing price of the firm’s common stock on the record date, as adjusted for the stock dividend.
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?"