Bidding and negotiations for the assets of bankrupt retailer Steve & Barry’s continued from Monday into Tuesday without a resolution, but a buyer is expected to be revealed as early as today.
Without an official purchase agreement, speculation remains that Bay Harbour Management, which offered the auction’s starting bid of $163 million, will be the eventual owner. BH S&B Holdings, a new subsidiary of the Manhattan-based investment advisory firm, was named “stalking horse” bidder at a court hearing on Aug. 4 to determine auction proceedings. A representative from Bay Harbour said the company does not comment on ongoing auctions.
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?"