Forever 21 is now navigating its second bankruptcy in five years. The brand was known for limited-run collections that turned the typical apparel cycle on its head. It also laid the groundwork for brands like Temu and Shein, which won over much of its business. Forever 21, the once iconic fast fashion mainstay of shopping…
Forever 21’s U.S. operating company filed for Chapter 11 bankruptcy over the weekend and will seek to sell all or some of its assets, according to court documents. The filing marks the company’s second bankruptcy in six years. The Times reported last month that Forever 21 was preparing to close at least 200 stores and…
Mixue, the world’s largest fast-food chain, had a blockbuster first day as a publicly traded company. The company’s shares jumped 30% from its IPO price when markets opened. The chain has over 45,000 stores and has attracted customers with cheap ice cream and bubble tea. A bubble tea chain from China just went public, and…
Aligning a brand with a celebrity can be risky. Last year, a number of stars suffered reputational damage that affected their business partners. Going into 2025, brands must be more thorough and savvy when deciding who to partner with. Celebrity brands can be as risky as they are glamorous, and last year was no exception….
Chinese cars are selling at record levels in Russia. Competition from European, Korean, and Japanese carmakers has vanished since Western sanctions were imposed on Russia. Chinese automakers face increasing tariffs in other regions. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking…
A man in China who went through many hardships to reunite with his family 34 years after he was abducted has announced a tragic rupture with them one year after the reunion. Yu Baobao, 37, said on his social media account, which has 326,000 followers, that he had severed ties with his birth family because…
Despite their products being known nationwide and associated with the day-to-day lives of people in China, few are aware of the rags-to-riches stories of the business people behind them. Their journeys exemplify how vision and determination can turn into success and symbolise entrepreneurial resilience in China. The Post highlights four inspiring Chinese tycoons who have…