Hudson’s Bay Co., parent of Lord & Taylor and The Bay in Canada, has postponed plans for an IPO.
The company had planned to offer to the public 20 percent of the firm’s stock at the end of this month and be listed on the Toronto Stock Exchange. Executives began putting the plan in place as early as May, when it initiated discussions with Canadian bankers. But an IPO would have required a road show 30 days prior to the listing that would last about one week. That road show never materialized, according to sources.
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)