Shrinking profit margins, negative comparable-store sales and an empty corner office added up to a debt downgrade for Barneys New York on Monday.
Moody’s Investors Service cut the retailer’s corporate family and probability of default ratings to “Caa1” from “B3” on Monday. Barneys’senior secured term loan was also downgraded to “Caa1” from “B3.” About $280 million in debt is covered by the ratings, which have a negative outlook.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)