After months of speculation and preparation, Tailored Brands has joined the retail parade in bankruptcy court.
Late Sunday, the men’s wear retailer filed Chapter 11, the latest victim of the coronavirus. The company's situation was exacerbated by its dependence on tailored clothing and the debt load it had accumulated by its $1.8 billion acquisition of Jos. A. Bank Clothiers in 2014.
The Chapter 11 filing did not come as a surprise — the handwriting has been on the wall for months for the parent company of Men’s Wearhouse, Bank, Moores and K&G. In late July, the company said in a filing: “We have determined that there is substantial doubt about our ability to continue as a going concern. Although we are evaluating several alternatives, it is likely that we will pursue a reorganization under applicable bankruptcy laws.”
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Report: @jeanpalmieri
Beyoncé’s highly anticipated “Black Is King” visual album was an empowering and visually striking ode to Black culture.
The 90-minute visual album, which debuted Friday on Disney+, was based on “The Lion King: The Gift” album that Beyoncé released last year in conjunction with the live-action film, which cast the singer as its adult Nala.
Working with long-time stylist Zerina Akers, the visual album included high-fashion looks by heritage design houses such as Valentino, Burberry, Mugler and Erdem, as well as custom pieces by smaller brands such as 5:31 Jérôme, Wendy Nichol, Timothy White and Loza Maléombho that celebrated Black culture and the African diaspora.
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Report: @laylailchi
Emmy Raver-Lampman spoke to WWD about making a movie in quarantine, the new season of @netflix's "The Umbrella Academy," and where her career is heading next.
The Norfolk, Va., native has now entered a more reflective, centered phase of her life at home. Several months into the pandemic and the Black Lives Matter protests, she says she’s taking the time to have conversations with her friends, partner and manager about where creative lives go from here, about what kinds of work they want to do and the impact how they spend their time has on their lives.
"I know I'm still new in this industry, and I know I still have so much to learn, and so far to grow, which is exciting, but I also think it is well within my right as an artist to be selective, and put my energy and my talent and my time, towards things that I can fully stand behind.”
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Report: @leighen
📸: @fancybethany
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