HMX Group — while still in turnaround mode — expects to turn a profit this year, with plans to eventually become a $1 billion business.
“We are in the bottom of the eighth inning,” Doug Williams, chief executive officer, told Men’s Week when asked how far along the turnaround road the former Hartmarx Corp. has traveled since being acquired out of bankruptcy by Indian firm S. Kumars Nationwide Ltd., or SKNL, in August 2009. London-based Emerisque Brands holds a minority stake. The transaction was a $105 million debt and assumed liability deal. Since the acquisition, “we’ve paid down $35 million of debt,” Williams said.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)