Forget bank loans and public debt — the financing of fashion is increasingly about cash.
Fitch Ratings said its debt scores on retailers and consumer products firms are placing greater emphasis on internal sources of funding, such as cash reserves and cash from operations. Companies selling goods that are “wants” more than “needs,” including several apparel retailers, are expected to be especially challenged by the harsh retail environment.
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)