NEW YORK — Hartmarx Corp.’s bankruptcy appears ready to claim the Hickey Freeman flagship at 666 Fifth Avenue here.
Hartmarx Corp., Hickey Freeman’s parent, filed for bankruptcy in January and needs to pare expenses as it puts together a reorganization plan. As part of the Chapter 11 proceedings, the company has closed or plans to close three Bobby Jones-Hickey Freeman outlets as well as one full-price Bobby Jones store in Honolulu.
Real estate sources say the 4,300-square-foot unit on 52nd Street “can be made available” and is being quietly shopped around for $2,500 a square foot. The building was purchased in 2007 for $1.8 billion by Kushner Cos., which is working to recoup its significant investment.
Brooks Brothers had operated a 24,000-square-foot, two-level store in the building until January, and Abercrombie, the children’s wear division of Abercrombie & Fitch Co., has signed a lease for about half the space.
A company interested in getting a prime Fifth Avenue presence can cobble together about 10,000 square feet by renting the remaining Brooks Bros. street-level space as well as the Hickey Freeman store. One source familiar with Hartmarx’s reorganization efforts said A&F was interested in the remaining space as well. Although there is an Abercrombie & Fitch store just north of the location, at 720 Fifth Avenue, the available space is just slightly more than the average footprint of stores in A&F’s upscale Ruehl division, which operates an accessories-only store on Bleecker Street but no other Manhattan locations.
“There are a lot of lookers,” said one source. “Yes, business is difficult, but there’s only one Fifth Avenue and the location is still desirable.”
Executives at Hickey Freeman and Abercrombie & Fitch didn’t return phone calls seeking comment. A spokesperson for Kushner declined comment.
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion
Eighty degree temperatures and outdoor installations at the annual Art Basel Miami Beach called for bright, elevated beachwear. See more street style pictures on WWD.com. #theyarewearing #ABMB (📷: @lifeinreverie)
Following September’s emotional tribute to her brother Gianni, Donatella Versace wanted to bring the spring show’s deep sense of intimacy to her @versace_official pre-fall collection. Donatella found inspiration in Versace Palazzo in Milan and from Gianni’s opulent apartment. Archival patterns and new motifs were splashed on silk shirtdresses and fitted jersey frocks. See the rest of the photos on WWD.com. #wwdfashion
Demna Gvasalia continues to shake up the Paris fashion calendar — and experiment with new runway timetables for his @vetements_official brand. WWD has learned that Vetements plans to stage its next coed show for the fall 2018 season on January 19 during Men’s Fashion Week in the French capital. Details about the timing and venue have not been confirmed — stay tuned on WWD.com to catch the latest. #wwdnews (📷: @giovanni_giannoni_photo)
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)