Daily Paper Is Selling Its Downtown NYC Store

Amsterdam-based fashion imprint Daily Paper will divest its New York City flagship in an effort to ensure future profitability, according to the label's latest financial report via FashionUnited.During the financial year 2023/24, the brand's total revenues dropped to just above €14 million EUR, a figure that the company stated does not meet the "financial ratios required for the agreement with the bank." Despite recording a slight increase in profit, the label said there was "uncertainty that ...