The PPR-owned Avenue has run out of road — at least for now.
Armed with a stalking horse bid from Versa Capital Management, the plus-size retailer’s parent, United Retail Group Inc., on Wednesday filed a voluntary bankruptcy petition in U.S. Bankruptcy Court for the Southern District of New York. The petition listed liabilities of $67.3 million and assets of $117.2 million.
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)