Declining market capitalizations, a direct reflection of the recent fall in stock prices, are wreaking havoc on fashion companies’ earnings and financing arrangements, and the worst might be yet to come.
For many public companies, the problem has been compounded by — and is at the same time linked to — weakening balance sheets and deteriorating financial results. Companies in the unhappy position of being worth less in the eyes of investors just as the financial cushion of cash on hand dwindles face steep impairment charges and further erosion of their credit ratings as well as increasingly less interest from investors in their stocks.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)