New Ashley Stewart, an affiliate of Gordon Brothers’ GB Merchant Partners unit, was selected Monday as the winner of a court-approved auction for the assets of bankrupt Urban Brands’ Ashley Stewart plus-size chain, according to Delaware bankruptcy court records. Details of the amount of the winning bid weren’t available, but a contract filed with the court last month said the “stalking horse” bid included a purchase amount equal to $13 million in cash, a $2 million note and assumed liabilities. The court document said the cash and note components are subject to adjustment.
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)