The future of bankrupt Hartmarx Corp. hangs in the balance more than ever, with the time frame for objections to London-based private equity firm Emerisque as the stalking horse bidder extended to today.
The original deadline for objections was Thursday, but a last-minute extension was granted by the Chicago bankruptcy court as negotiations continue between the constituents, according to a well-placed source. Against that backdrop, there’s been continuing chatter that Wells Fargo/Wachovia, Hartmarx’s lender, is continuing to push for a liquidation of the clothing firm despite public pressure from union officials and lawmakers to allow the sale of the company as a single entity, preserving thousands of U.S. jobs in the 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)