XCEL BRANDS’ NEW FINANCING: Xcel Brands Inc., the owner of the Isaac Mizrahi brand, on Thursday completed a $13 million senior term loan with Bank Hapoalim. The loan was used to refinance its previous senior debt facility with MidMarket Capital Partners and for general working capital purposes. The new term loan bears an interest rate of 4.44 percent, payable quarterly, and a five-year term.
Separately, the company on June 7 completed a $5 million private placement of its common stock. Threadstone Partners acted as the placement agent.
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)