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.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia