Barneys New York was downgraded by Moody’s Investors Service late Thursday due to liquidity concerns, but the retailer quickly responded by stating it has taken several measures to put itself in a “stronger financial condition.”
“Barneys has responded aggressively in the midst of these challenging conditions in the luxury retail market,” a company spokeswoman said.
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)