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Fashion designer Joe Mimran is partnering with The Kroger Co. on an exclusive clothing line that sounds similar to Joe Fresh, the popular apparel brand he created for Loblaw Companies Limited. The line, called Dip, will launch this fall with men’s, women’s, juniors, kids, and baby collections and, according to a press release, “is designed to help busy, on-the-go people live with style and get the most out of their fashion dollar.” It will replace more than a dozen of Kroger’s private-label clothing brands and will be sold at more than 300 Fred Meyer and Kroger Marketplace stores.
Birks Group Inc. (the “Company” or “Birks”) (NYSE American LLC: BGI), announced the signing of a CAD$12.5 million (US$9.5 million) senior secured term loan with Crystal Financial LLC (“Crystal”) on June 29, 2018. The new term loan, which matures in October 2022, is subordinated to the Company’s existing senior secured revolver facility with Wells Fargo Canada (“Wells Fargo”) and bears interest at an annual rate of CDOR plus 8.25%. The term loan increases the Company’s borrowing capacity significantly, allowing it to continue to invest in its strategic growth initiatives.
Sleep Country Canada is in a good position to capture market share from the liquidation of Sears Canada...