NEW YORK — Scoop NYC, the contemporary retailer created 13 years ago as “the ultimate closet,” is under increasing financial pressure.
Several factoring companies have stopped giving Scoop credit and approving orders. The chain, which was purchased about two years ago by billionaire Ron Burkle’s Yucaipa Cos. LLC, is said to be undercapitalized and has been slow in paying its vendors, according to financial sources.
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?"