BERLIN — Hertie, the struggling German department store chain, filed for bankruptcy Thursday, underscoring weaknesses in the German retail sector.
The 73-door, second-tier group, owned by the British investment firms Dawnay Day (85 percent) and Hilco (15 percent) but based in Essen, Germany, has been operating at a loss. The stores, which are 21,500 square feet to 86,000 square feet, are located in smaller urban neighborhoods and employ 4,100 people.
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)