American Apparel Inc.’s shares fell 32 percent Thursday after reports said it has hired Skadden, Arps, Slate, Meagher & Flom to advise it on restructuring options.
Credit professionals are saying that the controversial specialty chain has been having a hard time complying with financial covenants in its loan agreements. Meanwhile, those who trade debt have begun speculating whether a restructuring of the chain’s financial structure could include a bankruptcy filing down the road.
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?"