PARIS - The Courtin-Clarins family, majority shareholders of Groupe Clarins, plans to buy out the company’s minority stakeholders for 842.79 million euros, or $1.327 billion at current exchange, according to a filing with Authorité des Marchés Financiers (AMF), France’s stock market watchdog.
That represents about a 29 percent premium on the price Clarins stock closed at early Thursday afternoon, when trading in the stock was suspended on the Paris Bourse.
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?"