Shop Jeen Founders Have Gotten Rid of Apartments, Office Space, According to Statement
Erin Yogasundram, the founder of embattled teen online retailer Shop Jeen, has issued a statement after the company’s website was quietly taken down last week.
WTF Is Going on With Former Real Housewife Heather Thomson and Her Company Yummie?
Heather Thomson—who recently quit Real Housewives of New York to focus on her fashion brand, Yummie by Heather Thomson—is embroiled in a months-long lawsuit with Yummie’s manager, whom her lawyer says has “irreparably damaged” the company.
Shocking Study Reveals That Gender Diversity Makes Companies More Profitable
Ladies, it’s time to lean the fuck in for some important business news. According to a new study Peterson Institute for International Economics and EY (formerly as Ernst & Young), corporations with women in leadership roles have a higher profit margin.
After Months of Reported Dysfunction, Nasty Gal Lays Off 19 Employees
The clothing company Nasty Gal, which is either an inspiring story of #girlboss entrepreneurdom or a really hellish place to work, depending on who you ask, is laying off employees today. Women’s Wear Daily reports that 19 people were laid off, or about ten percent of the staff; a source at the company tells Jezebel…
Dov Charney Testifies in Bankruptcy Court, Doesn't Make a Ton of Sense
At a hearing that started Wednesday in a Delaware bankruptcy court and continued today, Dov Charney, the ousted CEO of American Apparel, has attempted to convince a judge to reject the company’s reorganization plan—a plan which would leave shareholders, including Charney, with nothing.
Trump Says He Will Force Apple to Manufacture in the US Even Though That Makes Absolutely No Sense
GOP candidate and angry sweet potato Donald Trump claims he’ll be able to change Apple’s entire manufacturing system if he is elected president. I’ll give Trump this: He’s great at shouting impossible nonsense.
Wal-Mart to Close 154 U.S. Stores, Impacting Roughly 10,000 Workers
Wal-Mart Stores Inc. announced Friday that they will be shutting down 269 stores around the world “in the coming fiscal year” as part of an ongoing reevaluation of their “fleet.” CNBC reports that of the 154 domestic closures, 102 would be Neighborhood Markets—the brand’s smaller stores originally branded as Walmart…
Dov Charney Can No Longer Afford a Lawyer
Dov Charney, American Apparel’s former CEO, is long past being down to his last $100K—although his resolve to win back the company is apparently undimmed, Charney can’t even afford legal representation.
Things Aren't Going Great for Legendary Beauty Brand Avon
Business reporters all across America area breaking out their best makeup-related puns because Avon is in trouble.
Dear Friend: Please Don't Start an Afterbirth Smoothie Business
Eating placenta is a tradition as time-honored as it is healthy and delicious. Said to have the power to ward off depression and restore the body due to the wealth of stem cells found within, placenta can be eaten raw or cooked—and today, many people are choosing to have it in a thick, bulbous smoothie that tastes…
Sophia Amoruso Out As CEO At NastyGal
Amoruso, author of #GirlBoss and founder/CEO of fast-growing trashy-chic e-commerce company NastyGal, announced to her staff on Monday that she is stepping down as CEO.
Mega Conglomerate P&G to Cut Half of Its Brands
Procter & Gamble, the gigantic company responsible for over 100 products for grooming, beauty and home — including Pantene, Tide, Crest, Old Spice, Always, Luvs, Olay, CoverGirl, Clairol, Pampers and Tampax — is going to slim down, cutting at least half of its brands.
American Apparel Adds First Female to Its Board of Directors
A month after its founder Dov Charney was suspended for misconduct, American Apparel has appointed new directors to its board, and for the first time one of them is a woman.
Female CEOs Are Good For Business
New data from Fortune magazine shows that companies run by women record better stock market returns than those run by men.
The 19 Worst 'Business Teamwork' Stock Photos
I searched "Business Group Teamwork" on Getty and sifted through 41,177 photos to bring you this post. For authenticity, I didn't sign in to remove the watermarks.
Taylor Swift Is the Music Industry's Number-One Money Maker
Sometimes you hear that the music industry is dying, that no one's buying records anymore and there are no true rock stars left. But according to a new list put together by the folks at Billboard, 24-year-old Taylor Swift raked in a metric shitload of cash last year.
In a somewhat surprise merger, Comcast is set to acquire Time Warner Cable for about $45 billion, uniting the two biggest cable companies in the U.S. When reached for comment about the merger, representatives from both companies said "someone would be by between 9 a.m. and 5 p.m. to explain it more." And this has been…
It's Rarely Women Who Are Taking Companies Public
It's not the boardrooms of old-fogey Fortune 500 companies that are dominated by dudes!
A Fix for Male-Dominated Businesses: Hire Three Women ASAP
Cindy Gallop — former chairman of the ad agency BBH New York — has penned a piece for AdWeek about what she calls the New Creativity, which she says is "female-informed." She has some ideas about how to shake up the "white male dominated industry." First: Hire at least three women.
