Credit watchdog Moody's downgraded the debt backing J. Crew to “Caa2” from “B3.”
Despite decades of enforcement, labor investigators keep turning up violations in garment shops in California.
The FTSE MIB in Milan was the only market to lose some ground on Monday morning.
The credit ratings agency downgraded the debt backing J. Crew to “Caa2” from “B3.”
Steven T. Mnuchin joined the Sears board in March 2005, and the CIT board in August 2015.
A bankruptcy court judge approved on Friday a schedule for the company’s auction as the losses continue to mount for the business.
Retail, luxury stocks were also down.
Currently, Tommy Hilfiger is a bigger business in Europe than Calvin.
Retail and luxury stocks put on a mixed show.