NEW YORK — S&K Famous Brands said Friday that it has hired Alvarez and Marsal LLC to help it enact a new strategic plan which will include fewer stores, less dependence on tailored clothing and a lower headcount.
As part of the change, the Richmond, Va.-based men’s specialty chain has eliminated 50 full-time positions in its corporate office, cutting overhead by about $3.3 million a year.
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)