Syms Corp. last week closed on its transaction to purchase the assets of bankrupt Filene’s Basement for $65 million, nearly three times the stalking horse bid of $22 million made by Crown Acquisitions in early May.
Sym’s wholly owned subsidiary, SYL LLC, acquired the majority of Filene’s Basement store leases, store fixtures and inventory.
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)