Even as the industry digested the news of a bankrupt Mervyns, rumblings grew of another potential Chapter 11 filing by a major retailer: Boscov’s Department Stores.
Sources told WWD that Boscov’s could file for bankruptcy as early as Monday, depending on whether it is able to secure a cash transfusion. Sources also said the owning families might inject more cash into the chain to prevent a bankruptcy filing, but after making a nearly $30 million contribution within the last month, there’s a greater chance that additional capital might not be forthcoming.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"