Forever 21’s financial troubles that prompted the fast-fashion stalwart to file for Chapter 11 bankruptcy protection Sunday stemmed from a combination of an overextended retail footprint and growing competition, retail analysts said. “Expanding too much, too soon and primarily in mall locations contributed to Forever 21’s problems,” said Alexis DeSalva, senior analyst for retail and […]
Cannes has been a hub for meetings and events since the Cannes Film Festival began in 1946. But, said Régis Faure, director of tourism for Cannes, the gatherings are moving beyond the convention center, the Palais des Festivals et des Congrès, and are looking “more and more like a festival.” “People want to have some […]
A Ukrainian gas company called Burisma Holdings is at the center of a complicated scandal involving a whistleblower complaint that’s been linked to President Donald Trump, Ukraine, former Vice President Joe Biden, and his son Hunter Biden. Here’s what we know about the company and how it’s involved in the back-and-forth between Trump and the […]
He was about to resign, and not exactly by choice. The retailer’s chief financial officer had just informed the board of directors that Overstock could not renew its insurance policy as long as Byrne was in charge. The CEO’s incessant broadcasting of his involvement in a “deep state” investigation had irreparably linked his personal life […]
Cato Pastoll, CEO of Lending Loop, is working through his online platform to improve access to financing for all entrepreneurs by connecting small businesses seeking capital with Canadians who want to lend money to small businesses. Mark Blinch/The Globe and Mail This article is part of The Globe and Mail’s Small Business Borrowing Guide series, […]
A man smokes an e-cigarette at a cafe in Dubai, United Arab Emirates, August 22, 2019. (Christopher Pike/Reuters) The government has no business wiping out an industry that actually has saved lives and will, if left in the marketplace, save millions more. There’s a lot to unpack from this recent piece in The Federalist written […]
MANCHESTER, ENGLAND — Labour leader Jeremy Corbyn’s hopes of fading a national unity government to block a no-deal Brexit have been dealt another blow after two more Conservative rebels spoke out against the plan. Alistair Burt and Justine Greening, two of the 21 Tory MPs who had the party whip removed after rebelling on Brexit, […]
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