Ssense Files for Bankruptcy Protection to Block Forced Sale
Ssense, the Montreal-based luxury e-tailer, is filing for bankruptcy protection under Canada’s Companies’ Creditors Arrangement Act (CCAA) to prevent creditors from forcing a sale of the company. CEO Rami Atallah told staff that their lender had attempted to initiate a sale through CCAA without the company’s consent. In response, Ssense plans to file its own […]
Benetton to Close 500 Stores, But Still Not Considering Bankruptcy
Benetton, the iconic Italian fashion brand founded in 1965, is planning to close approximately 500 stores worldwide in an effort to regain profitability, but bankruptcy is not part of the plan. These closures are part of a broader restructuring led by new CEO Claudio Sforza. The strategy includes cutting costs, shaving collection production time from […]
Nike’s Longest-Tenured Employee Nelson Farris Retires After 52 Years
Nelson Farris, often called Nike’s “walking encyclopedia” of company culture, is retiring after more than five decades at the brand. Farris joined Nike in 1973, just a year after the company split from Onitsuka, and went on to hold 16 different roles, traveling to 60 countries across six continents. Farris was at the center of […]
Shedeur Sanders Breaks Records with $250M in Jersey Sales, Earns $14M
Shedeur Sanders is already rewriting the rookie record books before the regular season even starts. Following his NFL preseason debut with the Cleveland Browns, Sanders’ jersey sales have exploded past $250 million, earning him $14 million in commission so far. It marks the highest rookie jersey sales total since his father, Deion Sanders. The breakdown […]
YZY Money Crashes Less Than 24 Hours After Launch, Leaving $50M+ in Losses
Ye, formerly known as Kanye West, launched his YZY Money token this week, only for it to collapse in under 24 hours. The coin, built on Solana, shot up to a $3 billion market cap within the first hour of trading before plummeting below $1.3 billion and continuing to sink. By the end of the […]
Guess to Go Private in $1.4 Billion Deal With Authentic Brands
Guess Inc. is set to go private after striking a $1.4 billion deal with Authentic Brands Group, the parent company of Reebok, Brooks Brothers, Nautica, Sperry, and Dockers. The agreement will give Authentic Brands a 51% stake in Guess’s intellectual property, while co-founders Maurice and Paul Marciano and current CEO Carlos Alberini will retain the […]
Jewelry Influencer “The Watch King” Robbed of $560K in Queens, Calls It a Set-Up
Jewelry influencer Moshe Haimoff, better known as “The Watch King,” was robbed outside his Queens home last week in a violent attack caught on camera. The two masked suspects used a stun gun and made off with nearly $560,000 in jewelry, including a $400,000 watch. The incident happened around 10 a.m. Wednesday as Haimoff stood […]
Two Arrested After $28K Gucci Robbery at Livermore Outlets
Two 19-year-olds have been arrested after allegedly stealing nearly $30,000 worth of merchandise from the Gucci store at the Livermore outlets on Sunday. Police responded to a robbery call around 4:50 p.m. and learned the suspects had entered the store, grabbed multiple purses from the racks, and fled the scene. While escaping, they reportedly drove […]
Denim Tears Announces Major Expansion, Starting with Tokyo in 2026
Denim Tears is getting ready for its next chapter. The brand, founded by Tremaine Emory in 2019, has confirmed it will expand globally, starting with a Tokyo store set to open in 2026. The move marks a major shift for the label, which has grown steadily without outside investors. Until now, Denim Tears has only […]
Travis Scott Removed From WWE 2K25 DLC After Falling Out With Company
Travis Scott has reportedly been pulled from the upcoming WWE 2K25 DLC following a fallout with WWE. He was originally set to appear as a playable celebrity character in the game’s New Wave pack. Sources say Travis Scott’s removal came after internal issues with the company, though details haven’t been made public. Behind the scenes, […]
