Bakers Footwear Group Inc. on Wednesday filed for Chapter 11 bankruptcy court protection in St. Louis.
In doing so, the firm defaulted on a $30 million secured credit facility that it obtained in June with Crystal Financial. Crystal provided debtor-in-possession financing of $22 million, but required that a restructuring plan be in place by Nov. 2, or the retailer will have to find a buyer.
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?"