Credit watchdog Moody's downgraded the debt backing J. Crew to “Caa2” from “B3.”
With the departure of ceo Richard Cohen and the naming of Phil Miller as interim ceo, St. John hopes to put the recent rocky period behind it.
A brief look at some of the day’s stories.
Tarina Tarantino will paint the town pink this fall.
Sienna Miller is set to capitalize on her flair for fashion.
Hurt by expenses from its previously announced three-year restructuring program, Avon Products Inc. reported first-quarter net earnings fell by two-thirds, despite sales that increased 6.5 percent to just over $2 billion.
Regime change is on the way at Time magazine — but don’t expect an invitation to Jim Kelly’s send-off party anytime soon.