- S&P DOWNGRADES LIZ: Standard & Poor's revised its credit rating on Liz Claiborne Inc. to "BB" from "BBB," pushing the firm's debt rating down into speculative or "junk bond" territory. Such ratings gauge how likely a company is to pay back its debt. "An obligation rated 'BB' is less vulnerable to nonpayment than other speculative issues," according to the S&P ratings definitions. "However, it faces major ongoing uncertainties or exposure to adverse business, financial or economic conditions." The company declined comment on the rating change.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"