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.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)