A subsidiary of the privately held Li & Fung Group offered to buy Hang Ten Group Holdings for more than $340 million.
Li & Fung’s Perfect Lead Investments arm is working with Citigroup Global Markets Asia and offered to pay 2.70 Hong Kong dollars for each of Hang Ten’s 982.3 million shares outstanding, a total purchase price of 2.65 billion Hong Kong dollars, or $340.6 million at current exchange.
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?"