The distressed debt investors are starting to smell blood on the streets.
"Debt trading in some sectors is starting to look distressed," said one institutional trader, who noted that the bonds for one particular retailer are now trading at around 80 cents on the dollar. "Generally it would be considered distressed when the bonds start hitting around the 70s."
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)