William Ackman of Pershing Square Capital Management is keeping his options open, but J.C. Penney Co. Inc. remains in the driver’s seat.
The two entered into a registration rights agreement on Aug. 13 setting forth the procedures for if and when Ackman elects to sell his shares in the company. That agreement was made public on Friday in a regulatory filing with the Securities and Exchange Commission.
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)