Anchor Blue Retail Group Inc. on Wednesday inked a deal to sell the company’s 73 Levi’s & Dockers Outlet by Most stores to Levi Strauss & Co. as part of its bankruptcy restructuring plan. Ontario, Calif.-based Anchor filed for Chapter 11 bankruptcy court protection in Delaware on Wednesday.
Anchor Blue is the holding company for two subsidiaries, the Anchor Blue specialty store business and the Levi’s & Docker’s Outlet store operation. The asset purchase agreement with San Francisco-based Levi’s serves as the stalking horse bid and is subject to better offers in a required bankruptcy court auction.
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)