Jewelry retailer Finlay Enterprises Inc. reported a higher third-quarter loss on Thursday, partly because of the acquisition of Bailey Banks & Biddle. Concerns about the firm’s finances pushed down the share price.
For the three months ended Nov. 1, the loss grew to $20.8 million, or $2.23 a share, from $7.5 million, or 82 cents, in the year-ago quarter. Results from the prior year exclude continuing operations figures from Parisian stores, which were acquired by Belk Inc. In addition, the company expected an interim loss from its acquisition of Bailey Banks & Biddle from Zale Corp. in November 2007.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"