William Ackman — the most active of activist investors —is trying to engineer a Simon Property Group Inc. takeover of General Growth Properties Inc.
Ackman, who through his Pershing Square Capital Management holds stakes in not only General Growth, but J.C. Penney Co. Inc. and Procter & Gamble Co., has been working on a deal with Simon since October.
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)