LONDON — Debenhams plc on Monday confirmed reports that it is in talks with the U.K.-based venture capital group Permira, but warned those talks could come to nothing.
Debenhamsissued a statement saying talks were progressing toward a possible offer of $6.80 per share in cash, the price mentioned in press reports last week. That would value Debenhams at approximately $2.47 billion. Dollar figures are converted from the pound at current exchange.
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)