“Is it ever sad when fast fashion bites the dust?” Kim France, the founding editor of the seminal Condé Nast shopper Lucky and producer of the popular newsletter “Girls of a Certain Age” said on Tuesday, reacting to news that Forever 21 had filed for bankruptcy. The answer depends on how passionate a consumer is…
The Russian economy is facing the prospect of a huge rise in corporate bankruptcies as firms are driven to the edge by a record key interest rate. The Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), which is close to the Russian government, said that one in five manufacturing enterprises must pay two-thirds of pretax…
One of life’s safer bets, as Hong Kong’s Chief Executive John Lee Ka-chiu delivers his third policy address next Wednesday, is that optimism will be the patriotic order of the day. In July, when he kicked off more than 40 consultation sessions in preparation for his address, Lee promised to “stand atop and look afar,…