Major acquisitions by public companies and private equity firms have slowed to a trickle, but smaller strategic deals are reshaping Seventh Avenue.
Vendors are being squeezed at both ends: Creditors are cutting their debt-to-equity ratios in half, and retailers are reducing orders and demanding sky-high markdown rebates — together forcing an estimated one-quarter of privately held apparel vendors to search for a capital investor, a strategic merger or a buyer, according to sources.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)