Filene’s Basement has been acquired by a new unit of the Buxbaum Group just days after being placed on the block.
Filene’s current parent, Retail Ventures Inc., won’t receive any proceeds from the disposition to Buxbaum’s FB II Acquisition Corp. It continues to guarantee the stores’ obligations under its secured credit agreement, which has a balance of $14.2 million.
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)