The battle for bankrupt Hartmarx Corp. entered a new stage Friday as Wells Fargo charged Emerisque lacked the financing to buy the American apparel firm or a commitment to U.S. jobs if a deal can be struck — contentions the London-based private equity company firmly denied.
Wells Fargo, the lead agent for the group of banks providing financing to Hartmarx, said the group opposes the offer because Emerisque “fails to provide adequate value to Hartmarx’s lenders.” It said Hartmarx, in bankruptcy since January, owes the banks more than $114 million.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)