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.
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?"