Shares of Coldwater Creek Inc. fell 76.1 percent on Monday after the women’s specialty chain was said to be eyeing a voluntary Chapter 11 petition.
WWD reported in February that liquidators were circling around the retailer, given that discussions regarding a sale process that began in October were not going well. There were rumblings of a possible bankruptcy filing, although the company then was still in discussions with its lender, as well as prospective lenders, hoping to get some breathing room. There was talk in the industry that Coldwater Creek was a possible Chapter 11 as early as late November.
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?"