The new funding comes from investors including Jay-Z’s venture firm Marcy Venture Partners and growth-equity firm Avenir Growth Capital, bringing the brand’s total amount of backing to approximately $70 million.
Two weeks after news surfaced that the teen fashion retailer was exploring a range of options to turn its business around, Forever 21 has reportedly hired a restructuring advisor in the hopes of averting bankruptcy.
LK Bennett hasn’t yet announced its new owner, but it's already taking action to liquidate its US stock and is asking for bankruptcy court permission to begin closing-down sales at its US stores and its webstore.
In 2018, the Grammys red carpet was full of stars wearing white roses in support of gender equality. This year, with women better represented among the nominees on music's biggest night, A-listers went back to basics
Vans is celebrating the tenth anniversary of its ‘Vans Custom Culture' high school design competition which offers public and private high school art students the chance to to showcase their creative abilities.
Sears shares lost nearly a third of their value in early trading on Wednesday, after a report said that the beleaguered retailer had hired advisers to prepare for a bankruptcy filing ahead of a debt payment deadline.