Attorneys for Fred Leighton termed new claims against the high-profile jeweler by its major creditor “pernicious,” and said they were likely prompted by an earlier amended complaint.
Merrill Lynch Mortgage Capital Inc. filed a motion in U.S. Bankruptcy Court, Southern District, on Friday, citing the possibility of a Chapter 7 liquidation by the famed jeweler. Merrill said the firm could run out of operating cash by the end of the year and called for its owner, Ralph Esmerian, to be replaced by a “disinterested Chapter 11 trustee.”
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)