NEW YORK — Fifth & Pacific Cos. Inc. is deciding whether to convert its Juicy Couture store on Fifth Avenue here into a Kate Spade unit or recognize benefits from exiting the lease for the unit altogether.
The company, which reported a lower third-quarter loss on an 18.1 percent increase in revenues Thursday, completed the sale of the intellectual property of Juicy to Authentic Brands Group Inc. for $195 million in cash earlier this month. It expects net proceeds of between $125 million and $135 million from the divestiture of the IP component of the brand.
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)