Fortunoff has filed for Chapter 11 bankruptcy protection, as expected.
“The jewelry and home goods businesses have been hit particularly hard by the economic downturn,” Charles Chinni, president and chief executive officer, said Thursday when the filing was made. “However, we are actively seeking a buyer for the business and we will continue to do so in the Chapter 11 process.”
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)