Wells Fargo might be more amenable to the stalking horse bid by Emerisque for bankrupt Hartmarx Corp. now that the British private equity firm has raised its offer, according to sources.
A hearing for the stalking horse bid took place Monday and was scheduled to continue today. Sources present at the hearing said Wells Fargo, the lead agent for the banking group that has provided financing of more than $114 million to Hartmarx, is moving closer to an agreement to court approval of Emerisque as the stalking horse. The stalking horse establishes a baseline in a court-approved auction for better offers.
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?"