Intense negotiations between CIT Group Inc. and federal regulators raised hopes Monday that the giant finance and factoring firm could avert bankruptcy and spare fashion vendors and their retail accounts.
A failure to resolve the crisis and allow the financial powerhouse to raise capital through bond sales in the private sector would have dire consequences for the industry, experts said.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)