Bloomberg True Religion Apparel Inc, once a fast-growing premium jeans brand, filed for bankruptcy in Delaware, its second Chapter 11 since 2017. The company, acquired by New York- and London-based investment management firm TowerBrook Capital Partners in 2013 for $824 million, lists assets and liabilities of as much as $500 million each in the petition. Founded in 2002 and headquartered ...

Bloomberg Swiss chocolate makers are offering price cuts in an attempt to stem weak demand during the key Easter season, as shoppers scoop up toilet paper and soup rather than tinfoil bunnies. Lindt & Spruengli is offering online price cuts of 30% on its entire Easter assortment. Laederach, another high-end chocolate chain, abandoned its practice of avoiding discounts this year. ...

Bloomberg The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war that brought the energy industry to its knees. After a week-long marathon of bilateral calls and video conferences of ministers from the Opec+ alliance and the Group of 20 nations, an agreement ...