Li & Fung LTD. has scored a six-figure judgment against Contemporary Streetwear LLC, a New York-based apparel supplier, which failed to pay the sourcing giant for orders it made for the company from 2009 to 2011.
On Thursday, New York Southern District Magistrate Judge Debra Freeman awarded the Hong Kong-based firm $1.7 million in compensatory damages. This does not include a pre-judgment interest rate of 9 percent a year that will be calculated by the court.
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)