Consider the state of mind of Limited Brands chairman and chief executive officer Leslie H. Wexner at the firm’s annual analyst update in October. So what if the market was tanking and sales were depressed practically industrywide? “I’m really in a good mood today,” said Wexner, with an air of irony, and it was largely because of the retailer’s balance sheet. He said Limited would end the year with $1 billion in cash and $1.3 billion in bank lines the company had no intention to use.
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)