Earlier this month, FashionUnited reported that Nordstrom's plans for privatization had stalled due to issues with financing. According to Business of Fashion Nordstrom is temporarily halting its search for a buyout partner. Nordstrom's shares were down 5 percent as of this morning. In a regulatory […]

Global provider of comfort solutions from textiles and yarns PrimaLoft just announced a new management change. The company just added a new group of investors led by private equity firm Victor Capital and Allstate Corporation. These new additions will help Primaloft's management and investments in its […]

QVC Group just announced a new organizational structure and senior executive team to further global growth. The new plan will be effective once Liberty Interactive Corporation completes its acquisitions of HSN, Inc. which will be later on in the year. "Our new group will bring together QVC, HSN, zulily […]

Shanghai - The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's 43 billion USD fortune catapulting him to the top, a survey released Thursday said. An all-time high 2,130 people made the annual ranking of China's richest individuals compiled by Shanghai-based […]

Allume just announced a new styling, personal service. The service launched this past Wednesday, October 11, connecting both stylists and customers for a more unique, one-on-one experience. The service launched as a way to give each customer their own personal stylist who will help them determine their […]

Amazon has bought Body Labs, a body-scanning startup that creates true-to-life 3D body models, for an undisclosed sum. The online retail giant has declined to comment on the acquisition, however, Body Labs has confirmed the news on its website. “Exciting news! We’ve been acquired by Amazon. We look […]

U.S. department store operator Bon-Ton has hired consulting firm AlixPartners to provide operational advice regarding its turnaround efforts. Meanwhile, PJT, a restructuring advisory firm, looks into the refinancing of the company’s debts. After global investment bank PJT drafted the preliminary plan […]

True Religion has received Chapter 11 Bankruptcy approval from Delaware to slash their nearly 500 million dollars in debt by 70 percent through a debt-for-equity swap. Earlier this year, the company filed for bankruptcy so they could grapple their debt and declining sales. Court documents said the company […]




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