Jewelry and home furnishings retailer Fortunoff has stopped paying its bills in recent weeks and could be considering Chapter 11 bankruptcy court protection as well as other options to reorganize its business, financial sources said. The company said it is considering strategic alternatives.
One credit source stressed that a bankruptcy filing is only one option. A bankruptcy would give the specialty retailer some breathing room from its creditors.
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?"