Impact 21 Co. said on Friday that a Japanese unit of Polo Ralph Lauren Corp., PRL Japan, plans to buy out minority shareholders via a stock swap, according to reports in Tokyo and in the U.S. Impact 21 shareholders will receive a small fraction – 0.00000182 – of a share of PRL Japan for each of their shares, according to the reports. Earlier this year, Polo Ralph Lauren acquired a 97.3 percent stake in the company through a tender offer. In August, Ralph Lauren, chairman and chief executive officer of Polo Ralph Lauren said the company was looking forward to its “new opportunities in Japan.”
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?"