The problematic merger of Hampshire Group Ltd. and NAF Holdings II is off, and the blame game is on.
NAF, the investment fund headed by Efrem Gerszberg that was seeking to buy Hampshire for about $30.4 million, said Monday it had ended its previously announced cash tender offer because certain conditions weren’t satisfied before the offer’s expiration at midnight on Friday. But Hampshire contended the termination was a by-product of insufficient financing on NAF’s part.
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?"