Frederick’s of Hollywood Group Inc. posted widened losses for the second quarter and six months due mostly to a goodwill impairment charge.
For the three months ended Jan. 24, the loss was $20.2 million, or 77 cents a share, compared with a loss of $2.4 million, or 20 cents, in the year-ago period. Excluding a $19.1 million noncash impairment charge, the loss would have narrowed to $1.1 million, or 4 cents a share.
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?"