PARIS — Moving a step closer to becoming a pure player in apparel and accessories, PPR said Tuesday it plans to demerge and float Fnac, a struggling retailer of books, music and home electronics.
PPR said the spin-off — via the distribution of Fnac shares to the shareholders of PPR — is intended to go ahead in 2013. Detailed terms are to be presented later following consultations with works councils.
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?"