Bloomberg The new owners of Forever 21 Inc have hired an executive from another fast-fashion chain to steer the troubled retailer outside of bankruptcy. Daniel Kulle, who worked at Hennes & Mauritz AB for more than two decades, will take over as Forever 21’s chief executive officer, Authentic Brands Group Inc said in a statement. Authentic Brands is part of ...

Bloomberg Chuck Gregorich, who sells China-made patio furniture on Amazon.com Inc expects to lose as much as $2 million in sales this year due to factory closings and other coronavirus-related slowdowns. So he’s cutting his ad spending on Amazon and thinking about raising prices to avoid running out of inventory. The sudden shift in sales tactics by merchants like Gregorich ...

Bloomberg Creditors of Jet Airways India are seeking court action to save the bankrupt carrier from liquidation as a key deadline looms. Lenders to Jet Airways plan to request an Indian court extend a mid-March deadline for creditors to agree on a resolution plan or allow the carrier go into liquidation, said people familiar with the matter. Potential buyers of ...