NEW YORK — As the holiday shopping season enters its final phase, the clock also is ticking on Icelandic firm Baugur Group's potential bid for Saks Inc.
The speculation in the financial community is that once the holiday season is over, Baugur could move in on the $3 billion Saks. The firm said in a November regulatory filing that it was eyeing Saks and might pursue a joint bid with Milestone Resources Group Ltd., also known as Landmark Group. The Dubai-owned Landmark Group, which also owns shares of Saks, has had "exploratory discussions" with Baugur, according to the filing.
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?"