Lawmakers on Capitol Hill have renewed their efforts to prevent a bank that received Troubled Assets Relief Program funds from upending attempts to revive bankrupt Hartmarx Corp., the last major high-end men’s clothing maker in the U.S. and President Obama’s tailor of choice.
Rep. Phil Hare (D., Ill.), who represents an Illinois district in which a Hart Schaffner Marx factory operates, told WWD Thursday he is working with House Financial Services Committee Chairman Barney Frank (D., Mass.) to pressure Wells Fargo into maintaining the company’s financing, preventing a liquidation and allowing bidders a chance to purchase the Chicago-based firm.
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)