BERLIN – Escada said its 200 million euro, or $279 million, bond exchange program would launch Monday, and that almost all conditions for its financial restructuring plan, which is necessary to ensure its survival, have been met.
The struggling German fashion house is offering bondholders a cash incentive to exchange their bonds for new ones if they accept the offer during the so-called early-bird period, which ends July 14. The overall exchange period runs through July 31, 2009.
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)