NEW YORK — Hartmarx will terminate two more of its moderate tailored clothing licenses as part of its most recent plan to pull back from the channel. The Chicago-based manufacturer said it expects to incur charges related to these changes of between $13 million and $14 million.
Citing competition from private label brands and retail consolidation, CEO and chairman Homi Patel said the company will end its DKNY Donna Karan New York license, effective immediately, and will conclude its Perry Ellis license at the end of 2008.
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?"