It appears banks are playing hardball with Daffy’s. Credit sources said Tuesday that banks haven’t been pleased with monthly results since April. As it seeks a way to ensure a future, the firm continues to work with legal advisers Weil, Gotshal & Manges. The retail chain has been in talks with lenders for over a month without a resolution in sight.
While Weil has been working with Daffy’s as its counsel for some time, on Tuesday sources said the law firm now is on a separate track involving a bankruptcy filing in case that was necessary.
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)