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.
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)