Filene’s Basement on Monday filed a voluntary petition for Chapter 11 bankruptcy court protection in Delaware and agreed to sell 17 of its 25 stores, including flagships in Boston and New York, for $22 million to an affiliate of Crown Acquisitions.
Crown, a real estate management firm in New York, said it intends to continue operating the stores under the Filene’s Basement nameplate. The acquisition is subject to bankruptcy court approval.
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)