SYDNEY — Australia's Federal Court has cleared Woolworths Holdings Ltd's $2 billion takeover of department store chain David Jones.
Justice Kathleen Farrell announced her decision Thursday. The Australian Securities and Investments Commission had raised concerns about the propriety of a separate offer Woolworths had made to David Jones shareholder Solomon Lew involving Lew's stake in retailer and Woolworth's subsidiary Country Road Group.
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)