American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. The second bankruptcy comes as the retailer struggles to overcome years of losses and rising online competition. The company became a part … Read more American Apparel files for second bankruptcy in just over a year
Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion in 2015 to … Read more Billionaires had a rough year in 2015 – relatively
LONDON (Thomson Reuters Foundation) – A German railway company which has introduced women-only compartments on one line said on Thursday the move was not a reaction to the New Year sex attacks in Cologne and other cities but a response to customer requests made earlier in December. Mitteldeutsche Regiobahn set aside compartments for women, children … Read more German train operator: women-only compartments not reaction to New Year attacks
Pakistan’s first women-only rickshaw service was meant to provide its staff with a new way of gaining financial independence and its passengers with the chance of a ride without being groped and harassed by male drivers. But, after just a year in business, the “Pink Rickshaw” in the Punjabi city of Lahore, is struggling. Help … Read more Pakistan’s first women-only rickshaw service struggles after just a year