Bloomberg Forever 21 Inc filed for bankruptcy protection, the latest big fashion merchant who couldn’t cope with high rents and heavy competition as the shift to e-commerce cut a swathe through traditional retailers. Court papers filed in Wilmington, Delaware, show Forever 21 has estimated liabilities on a consolidated basis of between $1 billion and $10 billion. The Chapter 11 filing ...

Bloomberg India-born billionaire Aloke Lohia’s global acquisition spree for chemical plants was designed to give Thailand-based Indorama Ventures Pcl more pricing power. But Donald Trump’s trade war has spoiled the party and driven its shares to a record slide. Indorama’s operating margin has hovered around 4 percent to 5 percent the past year, the narrowest since late 2015, as a ...

Bloomberg Japan Post Holdings Co’s top executive vowed to restore public confidence in the postal giant, which has been rocked by a scandal over missold insurance. In an interim report, Japan Post said it found about 6,300 cases of insurance sales at post offices that possibly violated the law or company rules. “Customers’ trust has been gravely hurt, and I ...