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GLOBAL BRANDS GROUP USA FILES FOR BANKRUPTCY

... Beckham, and in 2016 participated in the development of a brand with Katy Perry. In 2020, the company incurred losses of $ 584 million (in 2019, there were $ 388 million). Despite this, the salary company’s CEO Richard Darling increased from $ 516 thousand to $ 6.6 million (more than 12 times) for the same period of time with the approval of the board of directors. ‘Over the past year and a half, the retail market has been hit hard by COVID-19, creating challenges for us and many others in our industry’,...

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