BERLIN — Time is running out for Arcandor, the parent company of troubled German department store Karstadt, after the German government delayed a decision on state aid.
Government officials here said Monday they want more details about a possible merger between the department stores chain and rival retailer Metro, and that a decision on whether to grant Arcandor state aid, which had been expected this week, now looks unlikely.
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)