Moody’s Investors Service has revised PVH Corp.’s rating outlook to “positive” from “stable” based on the accelerated reduction of the company’s debt since its acquisition of The Warnaco Group Inc. and progress in the integration of Warnaco’s operations.
PVH, which closed its purchase of Warnaco in February 2012, said last week it is seeking to amend its credit facilities to generate an additional $600 million in cash that would be used, along with cash on hand, to redeem $600 million in senior notes due in 2020 and carrying interest of 7.375 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"