Global Financial services firm Guggenheim Partners is said to be hunting for investment deals.
Financial sources said the company is casting a wide net to evaluate investment prospects. Those discussions more recently are said to include talks with Juicy Couture cofounders Pamela Skaist-Levy and Gela Nash-Taylor about possibly funding a buyback of the company they sold to Fifth & Pacific for more than $230 million, including the assumption of debt and earn-out payments over several years, in 2003. Fifth & Pacific at the time was known as Liz Claiborne Inc. It couldn’t be determined whether those conversations have led to a bid for the brand, although sources last week said the cofounders were believed to have come up empty in their quest for funding.
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)