Moody’s Investors Service lowered its corporate credit rating for St. John Knits International Inc. based on weaker-than-expected performance.
The corporate family rating was lowered to “B3” from “B2,” indicating high credit risk, while the probability of default rating declined to “Caa1,” indicating very high credit risk, from “B3.” About $177 million of debt is affected. The outlook is negative.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"