It appears the Buxbaum Group will be the successful bidder for the intellectual property of the now-defunct S&K Menswear chain. S&K filed bankruptcy in February, and its 105 stores were liquidated by Gordon Brothers Retail Partners beginning in May after the company was unable to find a buyer or the financing to continue to operate. Streambank LLC, an advisory firm specializing in intangible assets, reached a deal in mid-October to sell the company's name, private brands and database of more than 2.5 million customers to Buxbaum for $165,000. A deadline for higher bids was set for Nov. 6 but no higher offers were received, according to Gabriel Fried, Streambank's founder. As a result, an auction scheduled for today will not be held, he said. The Buxbaum bid is subject to bankruptcy court approval. A hearing is scheduled for Nov. 20.
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?"