Value City Department Stores plans to liquidate following the filing of a voluntary Chapter 11 petition in a Manhattan bankruptcy court over the weekend.
After shutting more than 75 stores since December, Value City has 66 units in the Midwest, mid-Atlantic and Southern U.S. The filing estimates both assets and liabilities of between $100 million and $500 million.
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)