Recognizing the majority of shareholders will likely accept Sun Capital Securities Group LLC's $762 million takeover bid, Kellwood Co. on Monday surrendered and entered into a merger agreement with the private equity fund.
In an about-face, the $1.6 billion St. Louis-based vendor encouraged shareholders to tender their shares on Monday, before tonight's deadline.
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)