LONDON — Permira, the U.K.-based venture capital group, could make a formal bid for the U.K. department store chain, Debenhams, today or Tuesday, sources said last week.
A spokeswoman for Permira declined to comment. There were press reports that Permira already had made a bid of $6.80 per share for the 362,114,467 shares, valuing the company at approximately $2.47 billion. However, the spokeswoman said, “if and when the company receives an offer, the directors will consider it.” Dollar figures have been converted from the British pound 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?"