Levi Strauss & Co.’s efforts to reduce its debt paid off Friday with Standard & Poor’s Ratings Services raising its credit rating and the rating on its senior unsecured debt one notch to “B” from “B minus.”
That leaves the San Francisco-based jeans and sportswear giant one tick shy of a “BB plus” rating, the highest speculative, or non-investment, grade in S&P’s rating lineup.
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)