Gottschalks Inc. is teaming with Everbright Development Overseas Ltd. — giving the China sourcing specialist an equity stake in return for an initial $30 million investment.
In addition to boosting the Fresno, Calif.-based Gottschalks’ finances, the arrangement might signal that the weakening stock and credit markets will make it easier for foreign companies seeking a U.S. presence to make a move.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)