NEW YORK — The heat’s getting turned up on the accounting practices of bankrupt companies, and the flames are moving closer to those in the fashion business.
Bankrupt Warnaco Group in its annual report, Form 10-K, filed with the Securities and Exchange Commission on Wednesday, said that it was informed by the SEC staff that they intend to "recommend that the SEC authorize an enforcement action against the company and certain persons who have been employed by or affiliated with the company since prior to Jan. 3, 1999, alleging violations of the federal securities laws." Enforcement actions tend to be civil, not criminal, in nature, and several sources suggested this was the case with Warnaco.
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?"