London-based Emerisque Brands’ planned acquisition of bankrupt Hartmarx Corp. has been put in jeopardy over certain professional fees in the case, according to sources close to the bankruptcy.
Sources said Emerisque and its partner, SKNL North America, were set to close the deal a few days ago and that funds had already begun being transferred to accounts over the weekend in anticipation of the close. Then the parties hit a snag when some professionals in the Hartmarx bankruptcy sought to have the purchaser guarantee their fees as they wind down operations.
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)