NEW YORK — Cone Mills Corp. is getting some help in the financing of its south-of-the-border denim efforts.
The Greensboro, N.C.-based denim producer signed a letter of intent by which a fund managed by W.L. Ross and Co. would purchase up to $27 million of the firm’s convertible notes. This, said the mill, would support a recapitalization of its balance sheet that would fund the execution of its Mexican expansion strategy.
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)