Vendors are watching anxiously as private equity firm Kohlberg Kravis & Roberts seeks to buy Macy's Inc. for $24 billion and take it private.
Although turmoil in the debt financing markets may pose a major obstacle to KKR and help scuttle the offer, vendors are weighing the potential impact on wholesale business at what is for many their top account. Some said it could be an advantage to go private so Macy's can weed out less profitable stores, so the vendors can build stronger businesses with the successful ones. In addition, they said Macy's could move faster and make much needed changes as a privately held company.
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?"