Ackman’s Pershing Square Capital Management controls 27.9 million shares of P&G, or 1 percent of the company. The stock gained 0.6 percent to $78.44 Wednesday, valuing Ackman’s holdings at about $2.19 billion.
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)