NEW YORK — With the blessings of a bankruptcy court last week, Jones Apparel Group started down on the final leg of its journey to acquire Kasper A.S.L.
As reported, Jones was the highest bidder for Kasper at an auction two weeks ago and will pony up a total consideration of $216.6 million to acquire the firm. The deal should be wrapped up by yearend and is still subject to certain customary closing conditions.
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)