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.
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)