CIT Group Inc on Sunday filed a voluntary Chapter 11 petition seeking bankruptcy court protection from creditors.
The filing,in a Manhattan bankruptcy court, is the fifth largest in US history after Lehman Brothers Holdings Inc, Washington Mutual Inc, WorldCom Inc and General Motors Corp.According to the petition, the company listed $71 billion in assets and $64.9 billion in debts.
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)