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.
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?"