- 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.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)