Both J. Crew Group Inc. and Sears Holdings Corp. came under the scrutiny of debt analysts Monday.
Standard & Poor’s cut the outlook on J. Crew’s debt to negative from stable, but held its corporate credit rating at “B,” which indicates that a company still has the capacity to meet its obligations. J. Crew was acquired by TPG Capital and Leonard Green & Partners in a leveraged buyout in March.
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)