J.C. Penney Co. Inc. calmed a lot of jittery nerves Monday with a new $1.75 billion loan from Goldman Sachs, but the troubled retailer still has a ragged path going forward.
The five-year senior secured term loan facility was much larger than the $1 billion in funding many were expecting and will give Myron “Mike” Ullman 3rd, on his second tour as chief executive officer, more time to try to rebuild the company’s base.
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)