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.
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?"