NEW YORK — The Athlete’s Foot and UCC Capital Corp. have completed a private placement transaction involving a whole company securitization backed by the retailer’s intellectual property.
Monday’s announcement confirms a report in these columns in June. The long-term asset-backed notes were issued by Athlete’s Foot Brands Inc., a wholly owned subsidiary of Athlete’s Foot Marketing Associates. The notes, backed by franchise fee revenues generated by The Athlete’s Foot stores and related trademarks, were rated B/aa3 by Moody’s Investors Service.
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)