Emerisque Brands U.K. Ltd and SKNL North America, BV are today in a race against time, trying to close their purchase of bankrupt Hartmarx Corp by the end of the business day.
The two have been hit by snags involving issues concerning demands from Hartmarx and the professionals in the case that the buyers be responsible for unexpected, non-contracted for administrative claims, according to court records. The disputes deal with whether those claims should be paid by the purchaser or are really the responsibility of "Oldco," as the Hartmarx estate is sometimes referred to during the winding down process.
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)