Less than three months after Sun Capital Securities Group LLC took over Kellwood Co., the private equity firm is cutting the St. Louis-based manufacturer's mainstream dress business.
Despite the strong dress cycle, Sun Capital deemed Kellwood's moderate dresses — part of the former Halmode and current Lifestyle division, which includes Sag Harbor dresses — as unprofitable and is shuttering the business, while keeping mainstream sportswear and better dresses, WWD has learned.
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)