Loehmann’s received a funding boost this week from parent company Istithmar, aiming to strengthen ties with factors and vendors, WWD has learned.
“This gives us the financial flexibility to run the business and accomplish what we need to do,” said Jerald Politzer, chief executive officer of the 63-unit, $425 million off-price chain. “It kind of lets us run our business on a really normalized basis.”
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)