December 2, 2022, 1:00 p.m.
The bond market is not satisfied
The apparel company’s ticket prices fell to their lowest levels since July 2020 and its 7.875% bond due in 2025 fell more than eight cents to change hands at around 85 cents on the dollar on Thursday, according to the Trace data.
The trade marked the biggest price drop in secondary high yield trading yesterday.
Responsible for licensing global apparel brands like Cole Haan, Tommy Hilfiger, Calvin Klein and Guess, G-III struggled with the cost…