Boscov’s Inc.’s hopes of survival in family hands advanced Tuesday night when Atlantic County, N.J., freeholders voted to guarantee a $3 million federal loan to help complete the $300 million refinancing of the 39-unit department store chain.
The Department of Housing and Urban Development, which would process the loan, requires two public hearings and a 30-day comment period to allow for public reaction, which is expected to stretch out the process to about six weeks.
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)