Three firms — Mistral Equity Partners, Emerisque and Yucaipa Cos. have emerged as the finalists in the bidding for bankrupt Hartmarx Corp. as a going concern.
New York-based Mistral Equity Partners is said to have submitted the highest bid of the three private equity firms vying for the Chicago-based clothing and sportswear supplier, which filed for Chapter 11 bankruptcy protection in late January. The amounts of the bids could not be determined at press time.
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?"