Tuesday News Rush Featuring J Crew Bankruptcy.
Image credit: Supreme.
It’s CULTED with your Tuesday morning NEWS RUSH.
First up, Supreme has teamed up with Barbour for a Spring 2020 capsule that’s dropping this Thursday.
Barbour has used its signature lightweight waxed cotton material for the capsule, which includes a field jacket, waist bag, crusher hat and camp cap.
Next up, J Crew has filed for bankruptcy protection. The company has filed for chapter 11 bankruptcy protection as it plans to convert its $1.65BN worth of debt into equity.
The announcement has sparked debate online about whether J.Crew really is the first major US retailer to collapse as a direct result of COVID-19, or if the chain was already destined for failure before the outbreak.
In other news, YoungBoy Never Broke Again’s ‘38 Baby 2’ has debuted at number 1 on the Billboard 200.
According to Forbes, ‘38 Baby 2’ has benefitted from a lack of new arrivals as the mixtape sold less than 70,000 equivalent units, which is not a lot compared to usual chart-toppers.
That’s all for today.
It’s Sam with CULTED. Have a great day and stay indoors.
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