There are at least 10 potential bidders for the bankrupt HMX Group, even though president and chief creative director Joseph Abboud has stepped down.
Since the so-called data room became operational a month ago, there have been interested bidders downloading information for their due diligence on HMX. According to sources, some are firms that have been kicking the proverbial tires since trying to get the stalking-horse bid that went to Authentic Brands Group, and others are new firms taking an interest in the bankrupt assets. Any firm wishing to outbid Authentic Brands in a court-approved auction on Dec. 10 will have to pay more than $72.3 million if it wants to get control of HMX.
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?"