Kellwood Co. raced the clock Monday, exploring its financial options and negotiating with key bondholder Deutsche Bank to avert bankruptcy by restructuring $140 million in obligations, which comes due midnight Wednesday.
Michael Kramer, president and chief executive officer of Kellwood, said the apparel company was “actively exploring a number of alternatives to strengthen our long-term financial position,” but did not offer specifics. However, he said the process could take up to a month.
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)