The Dallas-based accessories business, which fell out of compliance with the profitability requirements of its Wells Fargo facility after a difficult holiday season in its gifts business, received $29 million in senior financing from Salus Capital Partners, $27.5 million of it in a revolving credit package. An additional $11.5 million came from King Trade Capital and is earmarked for the purchase of inventory related to the problematic holiday season in gifts.
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)