ATLANTA—Dawahare’s, a century-old, family-owned apparel chain, has filed for Chapter 11 and will close nearly a third of its 31 stores and downsize its corporate staff.
The Lexington, Ky.-based company cited its inability to successfully operate its stores profitably in a down-turned economy as its reason to file for a court-supervised reorganization plan on late Friday afternoon. Dawahare’s will close nine stores, all of them under-performing.
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?"