The New York hedge fund, run by Jonathan Litt, came out swinging Tuesday against the C$9.45-a-share bid announced last week for the remaining stock of Hudson’s Bay.
The UK government said it would not adopt recommendations on tougher environmental and social oversight for the fashion industry, which were put forward in a parliamentary report.
The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.
This collection had a verve that suggested an upbeat outlook pays dividends.
Claus-Dietrich Lahrs is exiting the luxury brand after three years in the chief executive role and less than a year after the arrival of new creative director Daniel Lee.
‘Chanel is not for sale, Chanel is not preparing for an IPO. I just want to reconfirm that for the hundredth time this year,’ said Global Chief Financial Officer Philippe Blondiaux in an interview with BoF.
Istituto Europeo di Design cultivates a multicultural environment and cross-school collaborations to foster each student’s creative identity.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
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But big bucks are changing the game as cash rich luxury goods groups like LVMH and Kering hike their social media budgets, giving them vast means to drown out rivals on platforms once seen as a leveller for brands big and small.