PARIS — Wal-Mart Stores Inc. has acquired 51 percent of Johannesburg-based retailer Massmart Holdings Ltd for 17 billion South African rand, or $2.36 billion at current exchange rates, the two companies announced.
The world’s largest retailer paid 148 rand, or $20.55, per share, in line with a preliminary and nonbinding proposal made in September.
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)