Gordon Brothers, still best known for its asset disposition business, was the winning bidder in the bankrupt retailer’s court-approved auction on March 2. Its $3 million bid bested the $1.5 million stalking horse offer from Canadian retailer YM Inc. The transaction is still subject to approval of the Delaware bankruptcy 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)