SYDNEY — South Africa’s Woolworths Holdings Ltd. is a step closer to its $2 billion takeover of David Jones, despite concerns raised by Australia’s corporate watchdog in a failed Federal Court intervention on Wednesday.
In a statement released to the Australian Securities Exchange on Wednesday evening, David Jones said a Scheme meeting for shareholders to vote on the proposed 4 Australian dollar (or $3.78 at current exchange) a share offer from Woolworths would proceed on July 14 as planned, with the David Jones board continuing to unanimously recommend the WHL proposal in the absence of a superior proposal.
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?"