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GLOBAL BRANDS GROUP USA FILES FOR BANKRUPTCY

... established in 2005, when the Chinese firm Li & Fung Limited set up a wholesale business specializing in private labels and branded clothing. By December, the company was registered in Bermuda Islands with the aim of spinning off into a separate enterprise, ... ... 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 ...

Modified: 08.02.2021
USA , bankruptcy , company bankruptcy , clothing , store , brand , Global Brands Group
Path: РусБанкрот - СМИ

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