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.
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?"