Vornado Realty Trust logged a $98.8 million first-quarter loss on its star-crossed investment in J.C. Penney Co. Inc.
The red ink included $39.5 million in noncash impairment losses on its remaining stake in the company, a $36.8 million loss on the sale of 10 million Penney’s shares in March and a $22.5 million loss on derivatives tied to the retailer.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)