SYDNEY (Reuters) — Shareholders of David Jones Ltd, Australia's second-biggest department store by sales, on Monday backed a $2 billion bid by South Africa's Woolworths Holdings Ltd, ending weeks of uncertainty over the intentions of David Jones' second-largest shareholder Solomon Lew.
The takeover gives David Jones the financial firepower to ramp up its online offerings and in-store label, while helping Woolworths become a major global player with annual sales approaching $5.6 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)