GQ has found a federal court filing from this summer alleging that a diamond company, which licensed Ivanka Trump’s name in exchange for royalties, was used in a $100 million money-laundering scheme. Though the subpoena (intended to discover purchases made by alleged shell companies for a foreign lawsuit) does not…
After Donald Trump #NotAllNazis’d Charlottesville, insisting that there were many “fine people” marching alongside the neo-Nazis, white supremacists, and KKK who killed one woman and injured more than a dozen others as they protested the removal of a Confederate Monument, anyone with even one minuscule shred of…
After a singularly humiliating several days, Donald Trump has unveiled another plan that is as vague as it is grandiose: a “SWAT team” led by Jared Kushner, his son-in-law and senior adviser, that will use business strategies to streamline government bureaucracy.
Because the United States has elected Donald Trump—a toxic Hot Pocket glued to a micropenis—to serve as our nation’s president, it’s crucial to parse the conflicts of interest that might influence his judgment while in office. Unsurprisingly, the boundary between his political and business endeavors is a feeble one.
On Tuesday, Condé Nast Chief Executive Bob Sauerberg announced that the media company is dividing into five groups—business, editorial, research, technology, and creative—that will take priority over individual brands, with each group working under one leader (Anna Wintour will continue to serve as artistic director), …
Donald Trump Jr., the embodiment of every stereotype about people named “Jr.”, said in 2013 that women who can’t handle harassment at work “should go maybe teach kindergarten.” He also opined that all-male golf courses are “cool” and that everybody is so uber-sensitive these days. How original!
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.
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.
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.
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…
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.
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, 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.
Business reporters all across America area breaking out their best makeup-related puns because Avon is in trouble.
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…
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.
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.
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.
New data from Fortune magazine shows that companies run by women record better stock market returns than those run by men.